Litecoin price affected by the positive momentum – Analysis - 15-08-2018

Litecoin price found solid support at 50.00, which pushes the price to provide some slight positive trades now, while the EMA50 keeps forming the negative pressure against the price, to keep the overall bearish trend valid until now, which its next target located at 40.00.

We should note that breaching 67.50 will stop the expected decline and lead the price to start recovery attempts on the intraday and short term basis.

Expected trading range for today is between 45.00 support and 60.00 resistance

Expected trend for today: Bearish