Cryptocurrency

Litecoin price affected by the positive momentum – Analysis - 12-02-2019

2019-02-12 05:18:23 GMT (Economies.com)

Litecoin price settles around 43.00 level since yesterday, and as long as the price is below the bearish channel’s resistance, the bearish trend scenario will remain suggested on the intraday basis, waiting to visit 32.55 level as a next main station.

 

We should note that breaching 47.65 and holding above it will stop the suggested negative scenario and push the price to continue the bullish trend on the short term basis.

 

The expected trading range for today is between 35.00 support and 46.00 resistance

The expected trend for today: Bearish

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