Litecoin LTC/USD is trading at the level of 182.97. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Litecoin. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.
As part of the Litecoin exchange rate forecast, a test of the 196.80 level is expected. Where to expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The target of this movement is the area near the level of 138.20. The conservative area for Litecoin sales is located near the upper border of the Bollinger Bands indicator at the level of 197.00.
Litecoin LTC/USD forecast for today June 3, 2021
The cancellation of the option to continue the decline in the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 215.10. This will indicate a change in the current trend in favor of the bullish LTC/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.
Litecoin LTC/USD forecast for today, June 3, 2021 suggests a test of the level of 196.80. Further, it is expected to continue falling to the area below the level of 138.20. The conservative sales zone is located near the area of 197.00. The cancellation of the fall of the cryptocurrency will be a breakdown of the level of 215.10.In this case, we should expect continued growth.