Litecoin price suffers sharp losses – Analysis - 11-07-2019

Litecoin price declined sharply yesterday to succeed reaching the thresholds of the main waited target at 100.00, expecting the continuation of the bearish bias on the intraday and short term basis, noting that surpassing the mentioned level and 98.05 will extend the bearish wave to reach 84.60.

Therefore, the bearish trend will remain valid and active for the upcoming period unless breaching 110.55 level and holding above it.

The expected trading range for today is between 95.00 support and 110.00 resistance

The expected trend for today: Bearish