Litecoin price settles near the key support 29.55, and as we mentioned in our last report, breaking this level will complete forming a bearish pattern that has the ability to push the price to achieve negative targets that start at 27.45 and extend to 24.00.
Therefore, the bearish trend will remain suggested in the upcoming sessions supported by the EMA50, unless breaching 33.10 level and holding above it.
Expected trading range for today is between 27.45 support and 32.00 resistance
Expected trend for today: Bearish