Litecoin price traded positively yesterday to approach the minor bearish channel’s resistance that appears on the chart, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic shows clear positive signals now.
Therefore, these factors encourage us to continue suggesting the main bearish trend, which its targets begin by breaking 70.00 level to confirm opening the way to head towards 52.00, reminding you that the continuation of the expected decline requires holding below 84.60.
The expected trading range for today is between 65.00 support and 80.00 resistance
The expected trend for today: Bearish