Litecoin price below the moving average – Analysis - 30-01-2019

Litecoin price shows some slight bullish bias to test 31.00 level, accompanied by stochastic reach to the overbought areas, while the EMA50 forms continuous negative pressure against the price.

Therefore, we believe that the chances are valid to resume the bearish trend that its targets begin by breaking 29.55 level to confirm opening the way to head towards 27.45 that represents our next main station, reminding you that it is important to hold below 33.10 to continue the expected decline.

Expected trading range for today is between 28.00 support and 32.00 resistance

Expected trend for today: Bearish