Litecoin price achieves some gains – Analysis - 19-07-2019

Litecoin price continued to rise yesterday but it stopped at the previously broken bullish trend line that turns into resistance now at 104.00, which pushes the price to move below 99.20, to keep the overall bearish trend valid and active for the upcoming period, waiting to visit 84.60 level initially.

Note that breaking the targeted level will push the price to 70.00 as a next station, while breaching 99.20 followed by 104.00 levels will stop the expected decline and lead the price to turn to rise again.

The expected trading range for today is between 84.60 support and 105.00 resistance

The expected trend for today: Bearish