Litecoin price breaks the support – Analysis - 24-10-2019

Litecoin price succeeded to break 52.00 level and holding with a daily close below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, and the way is open for achieving our next target that reach 40.50.

The EMA50 forms a continuous negative pressure against the price, to keep preferring the bearish trend conditioned by holding below 52.00 level.

The expected trading range for today is between 40.00 support and 52.00 resistance

The expected trend for today: Bearish