Price of Litecoin found solid resistance at 36.00 barrier, to rebound bearishly and starts some bearish correction. As it leaned on 50% Fibonacci correction level for the last bullish wave and begins to rise again, to keep the chances valid to continue the recently suggested positive scenario, and the price needs to breach 33.70 to confirm opening the way to head towards 40.50 that represents our next main target.
Note that breaking 29.40 followed by 27.75 levels will stop the expected rise and press the price to return to the main bearish track.
Expected trading range for today is between 29.40 support and 36.00 resistance
Expected trend for today: bullish
Note that breaking 29.40 followed by 27.75 levels will stop the expected rise and press the price to return to the main bearish track.
Expected trading range for today is between 29.40 support and 36.00 resistance
Expected trend for today: bullish