Litecoin price settles above the support base – Analysis - 14-03-2019

Litecoin price keeps its stability above the EMA50 that forms good support base at 54.35, and the price needs to consolidate above this level to keep the bullish trend scenario active for the upcoming period, waiting to target 60.00 followed by 65.00 levels mainly.

We should note that breaking 54.35 followed by 52.10 levels will put the price under strong negative pressure that we expect to push trades to exit the bullish channel that appears on the chart and turn to decline on the intraday and short term basis.

The expected trading range for today is between 54.35 support and 60.00 resistance

The expected trend for today: Bullish