Litecoin price around the moving average – Analysis - 23-01-2019

Litecoin price fluctuates around the EMA50 that forms negative pressure against the price, while stochastic shows clear negative signals now, which supports the expectations of continuing the bearish trend in the upcoming sessions, reminding you that breaking 29.55 is required to confirm rallying towards our negative targets that begin at 27.45 and extend to 24.00.

In general, we will continue to suggest the bearish trend on the intraday basis conditioned by the price stability below 33.10.

Expected trading range for today is between 27.45 support and 33.10 resistance

Expected trend for today: Bearish