Litecoin price fluctuates within tight track, settling around 130.00 level, and the price still above the bearish channel’s resistance that was breached previously, which keeps our bullish overview valid until now, supported by the EMA50, reminding you that our waited target is located at 156.51.
Holding above 120.65 represents key condition to continue the expected rise, as breaking it will push the price to resume the main bearish trend again.
Expected trading range for today is between 120.00 support and 156.00 resistance
Expected trend for today: Bullish