Litecoin price faces the negative pressure – Analysis - 03-12-2018

Economies.com
2018-12-03 05:26AM UTC

Litecoin price begins today’s trading with clear bearish bias to break the minor bullish channel’s support that appears on the chart, which we believe it forms bearish flag pattern, which means that the price will face expected negative pressure in the upcoming period, targeting 25.00 areas mainly.

 

Breaking 30.65 will add more confirmation to the continuation of the expected decline, while holding below 34.25 represents key condition to continue the bearish trend.

 

Expected trading range for today is between 25.00 support and 34.25 resistance

Expected trend for today: Bearish

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