Litecoin price continues to fluctuate around the EMA50, which forms good negative pressure against the intraday trades, to support the continuation of our bearish overview, waiting to visit 52.00 level as a first target.
Note that breaking the mentioned level will extend the bearish wave to reach 40.50 as a next station, while breaching 60.50 will lead the price to test 70.00 level before any new attempt to decline.
The expected trading range for today is between 50.00 support and 64.00 resistance
The expected trend for today: Bearish