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Litecoin LTC/USD forecast for today, May 25, 2021

Litecoin LTC/USD forecast for today, May 25, 2021

Litecoin LTC/USD is trading at 151.63. The 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.


Litecoin LTC/USD forecast for today, May 25, 2021


As part of the forecast of the Litecoin exchange rate, a test of the level of 170.20 is expected. From where we should 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 62.60. The conservative area for Litecoin sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 220.80.

 

Litecoin LTC/USD forecast for today, May 25, 2021

 

The cancellation of the option to continue the decline of 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 225.20. 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, May 25, 2021 suggests a test of the level of 170.20. Further, it is expected to continue falling to the area below the level of 62.60. The conservative selling zone is located near the area of 220.80. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 225.20. In this case, we should expect continued growth.

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