Litecoin price crawls downwards – Analysis - 27-02-2019

Litecoin price settles below the EMA50 that forms negative pressure against the price, noticing that stochastic loses its positive momentum to approach the overbought areas, which forms negative motive that we are waiting to push the price to resume the expected bearish wave on the intraday basis, which its main target located at 34.95.

Holding below 46.25 represents the first condition to continue the expected decline, as breaching it will push the price to test 50.00$ barrier before any new attempt to decline.

The expected trading range for today is between 38.00 support and 47.15 resistance

The expected trend for today: Bearish