Litecoin price exits the sideways range – Analysis - 14-11-2018

Litecoin price broke the sideways range’s support line at 50.00 and settled below it, to exit this range that dominated the price move in the last three months, opening the way to resume the bearish trend on the short term basis, supported by the negative pressure formed by the EMA50.

Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 50.00 – 51.10 levels and holding above them, noting that the main waited target reaches 40.00.

Expected trading range for today is between 45.00 support and 51.00 resistance

Expected trend for today: Bearish