The tight range keeps controlling Litecoin price trading, which moves below the EMA50, and we still waiting for breaking 50.00 to reinforce the expectations for the bearish trend continuation on the intraday and short term basis, where our next target at 40.00.
Therefore, we will keep preferring the bearish trend in the upcoming period unless breaching 56.80 level and holding above it.
Expected trading range for today is between 45.00 support and 56.00 resistance
Expected trend for today: Bearish