Litecoin price tests the minor resistance – Analysis - 10-12-2018

Litecoin price tested the previously broken support that turns into minor resistance now at 26.30, and it begins to rebound bearishly from there, motivated by stochastic positivity that appears clearly on the four hours’ time frame, waiting for more decline in the upcoming sessions.

Therefore, the bearish trend will remain suggested on the intraday basis conditioned by the price stability below 30.40, reminding you that our next main target is located at 20.00.

Expected trading range for today is between 20.00 support and 27.00 resistance

Expected trend for today: Bearish