Litecoin price attempts positively – Analysis - 20-03-2018

Litecoin price crawls upwards to move above 156.51, noticing that the price faces intraday resistance at 162.50, noting that holding below this level keeps the chances valid to resume the expected bearish trend on the intraday and short term basis, as breaching it will push the price towards 198.26 initially.

Therefore, we will keep our bearish overview for today unless breaching 162.50 level and holding above it, noting that we are waiting to head towards 120.00 that represents our next main target.

Expected trading range for today is between 120.00 support and 182.00 resistance

Expected trend for today: Bearish