Litecoin price touches the target – Analysis 15 July, 2019

Ebitcoinics Analytics   15 Jul, 2019   www.economies.com   Views: 269

Litecoin price succeeded to touch our waited target at 84.60, showing some slight bullish bias affected by stochastic positivity, but we notice that the price is affected negatively by the double top pattern that was completed previously, besides the negative pressure formed by the EMA50, which supports the chances of surpassing the mentioned level to head towards 70.00 as a next negative station.

 

Therefore, we suggest the continuation of the bearish bias in the upcoming sessions conditioned by the price stability below 99.20.

 

The expected trading range for today is between 75.00 support and 99.20 resistance

The expected trend for today: Bearish

 

NB:


This analysis is for information purposes only and does not constitute a trade signal




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