Litecoin price presses on the support – Analysis - 22-03-2019

Economies.com
2019-03-22 05:21AM UTC

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

 

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