Litecoin price touches the support – Analysis - 12-11-2018

Litecoin price touched the sideways range’s support line at 50.00 and begins providing calm positive trading, hinting a potential head towards this range’s resistance at 56.00 in the upcoming sessions.

In general, the sideways bias still dominant on the intraday trading, waiting to breach one of the above mentioned levels to detect the next targets clearly, reminding you that breaking the mentioned support will push the price towards 40.00 mainly, while breaching the resistance will lead the price to achieve gains that reach 70.00.

Expected trading range for today is between 50.00 support and 56.00 resistance

Expected trend for today: Sideways