Litecoin price traded with clear negativity yesterday to start pressing the key support 50.00, which hints the price head to achieve more decline in the upcoming period, noting that breaking the mentioned level will push the price towards 40.00 as a next main station.
Therefore, the bearish trend will be suggested on the intraday and short term basis, supported by the negative pressure formed by the EMA50, unless breaching 56.80 level and holding above it.
Expected trading range for today is between 45.00 support and 56.00 resistance
Expected trend for today: Bearish