Litecoin price heads towards the support – Analysis - 08-11-2018

Litecoin price continues to decline to gradually approach the sideways range’s support line at 50.00, to keep the price confined inside this range that appears on the chart, as its resistance line located at 56.00, and the price needs to breach one of these levels to detect its next destination clearly.

Note that breaking the mentioned support will press the price to head towards 40.00 direct, while breaching 56.00 will lead the price to achieve gains that reach 70.00 on the near term basis.

Expected trading range for today is between 50.00 support and 56.00 resistance

Expected trend for today: Sideways