Litecoin price touches the channel’s resistance – Analysis - 19-02-2019

Litecoin price succeeded to touch our waited target at 48.20 and finds solid resistance there, to show some slight bearish bias now, but the EMA50 supports the price positively, to reinforce the chances of breaching the mentioned level and extend the bullish wave to reach 56.45 as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 42.75 level and holding below it.

The expected trading range for today is between 44.00 support and 52.00 resistance

The expected trend for today: Bullish