Litecoin price faces negative pressure in the previous sessions and attempts to surpass the EMA50, which hints the price head to decline in the upcoming sessions, targeting visiting the bullish channel’s support line that appears on the chart, located at 53.20 now.
Therefore, the bearish bias will be expected for today unless the price managed to breach 60.20 level and hold above it.
The expected trading range for today is between 53.20 support and 60.20 resistance
The expected trend for today: Bearish