Cryptocurrency

Litecoin price hits the extended target – Analysis - 11-02-2019

2019-02-11 05:25:44 GMT (Economies.com)

Litecoin price managed to achieve our extended target at 45.00 and being to rebound bearishly after touching the bullish channel’s resistance line that appears on the chart, and according to the trading rules inside the channels, the price is on its way to start bearish wave on the intraday basis, targeting visiting 32.40 level mainly.

 

Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 47.15 level and holding above it.

 

The expected trading range for today is between 35.00 support and 46.00 resistance

The expected trend for today: Bearish

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