Litecoin price gathers the positive momentum – Analysis - 20-12-2018

Litecoin price shows slight bearish bias since yesterday, but we notice that the EMA50 continues to support the price from below, while stochastic begins to overlap positively now, waiting to motivate the price to resume the bullish trend on the intraday basis, as our next main target is located at 36.00.

We remind you that the stability above 26.30 is important to achieve the waited targets, as breaking it will push the price to return to the main bearish trend again.

Expected trading range for today is between 28.00 support and 35.00 resistance

Expected trend for today: Bullish