Litecoin LTC/USD is trading at 106.26. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bands.
Litecoin Price Prediction for the week 14 — 20 March 2022
As part of the Litecoin rate Price Prediction, a test of the level of 120.00 is expected. Where should we 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 53.60. The conservative area for selling Litecoin is located near the upper border of the Bollinger Bands indicator at the level of 120.10.
Litecoin forecast for the week 14 — 20 March 2022
Cancellation of the option to continue depreciating Litecoin will be a breakdown of the area of the upper border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and the closing of the pair's quotes above the 140.50 area. This will indicate a change in the current trend in favor of the bullish one for LTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Litecoin Price Prediction for the week March 14 — 20, 2022 assumes a test of the level of 120.00. Further, it is expected to continue falling to the area below the level of 53.60. The conservative sell zone is near the area of 120.10. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 140.50. In this case, we should expect continued growth.