Litecoin price below the moving average – Analysis - 16-10-2018
Economies.com
2018-10-16 04:23AM UTC
Litecoin price settles below the EMA50, to keep the negative pressure valid until now, waiting to motivate the price to break 50.00 level to open the way to head towards 40.00 that represents our next main target.
On the other hand, we should note that breaching 56.80 will stop the expected decline and lead the price to visit 70.00 level mainly.
Expected trading range for today is between 45.00 support and 56.00 resistance
Expected trend for today: Bearish
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