Litecoin price gets a negative motive – Analysis - 14-12-2018

Litecoin price provides new negative trades to manage to break the bearish pennant’s support line that its signs appear on the chart, which supports the continuation of the bearish trend within the bearish channel that appears on the chart, getting continuous negative support by the EMA50, waiting for more decline in the upcoming sessions.

Our next target is located at 20.00, and breaking it will push the price towards 13.00, while the price needs to hold below 26.00 to guarantee the continuation of the suggested bearish trend.

Expected trading range for today is between 18.00 support and 24.00 resistance

Expected trend for today: Bearish