Litecoin price attacks the support – Analysis - 26-04-2019

Litecoin price showed new attempt to break the bullish trend line that appears on the chart without managing to hold below it, to test the resistance line formed at 75.35 after breaking it previously, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the negative attempts.

Therefore, our bearish overview will remain valid for the upcoming period, waiting to target 69.43 followed by 60.00 levels mainly, noting that breaching 75.35 might push the price to test 84.30 areas before any new attempt to decline.

The expected trading range for today is between 60.00 support and 80.00 resistance

The expected trend for today: Bearish