Litecoin price hovers around 156.51 level, and the price keeps its stability below the bearish channel’s resistance that appears on the chart, which keeps the bearish trend scenario valid until now, which targets 89.02 level as a next main station.
We should note that breaching 170.00 will stop the current negative pressure and lead the price to start recovery attempts that target 198.26 followed by 232.00 levels initially.
Expected trading range for today is between 100.00 support and 174.00 resistance
Expected trend for today: Bearish