Litecoin price attempts to recover – Analysis - 28-10-2019

Litecoin price provided clear positive trades in the previous sessions to breach 52.00 level and tests the EMA50, which forms solid resistance against the price, which supports the chances of bouncing bearishly to resume the recently suggested negative scenario, waiting to test 52.00 level initially.

Therefore, we will be waiting for negative trades in the upcoming sessions, noting that breaching 60.50 will push the price to achieve more intraday gains and test 70.00 level before determining the next destination clearly.

The expected trading range for today is between 50.00 support and 64.00 resistance

The expected trend for today: Bearish