Litecoin price rises calmly – Analysis - 31-01-2019

Litecoin price tests the resistance line that connects the tops placed since the beginning of this month, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 29.55 followed by 27.45 levels as next main stations.

We should note that breaching 33.10 will stop the expected decline and push the price to achieve more intraday gains.

Expected trading range for today is between 29.00 support and 33.10 resistance

Expected trend for today: Bearish