Cryptocurrency Litecoin (LTC/USD) is trading at 28.76. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Litecoin. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Litecoin (LTCUSD) forecast on November 26 — December 2, 2018
As part of the Litecoin course forecast, a test level of 35.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 18.00. The conservative Litecoin sales area is located near the middle border of the Bollinger Bands indicator at 42.50.
Cancellation of the option to continue the decline of the Litecoin rate will be a breakdown of the area of the middle border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the area of 52.00. This will indicate a change in the current trend in favor of bullish on LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTCUSD) forecast on November 26 — December 2, 2018 implies a test level of 35.20. Further expected to continue falling into the area below the level of 18.00. The conservative area for selling Litecoin is located area of 42.50. Cancellation of the option of falling cryptocurrency will be the breakdown level of 52.00. In this case, we can expect continued growth.