Litecoin price under the negative pressure – Analysis - 23-05-2019

Litecoin price achieved strong break to the bullish channel’s support line to test the most important support line to the short term trading at 86.13, noticing that the price keeps its stability above it until now, and stochastic provides positive overlapping signal now that we are waiting to motivate the price to resume the positive attempts.

Therefore, the overall positive scenario will remain valid unless breaking 86.13 and holding below it, noting that we are waiting to target 99.06 followed by 107.00 levels as next main stations.

The expected trading range for today is between 84.00 support and 94.10 resistance

The expected trend for today: Bullish