*analyse* Midday update for the price of LiteCoin 06-02-2018

in #steemit-litecoin7 years ago (edited)

The price of litcoin fluctuates within a narrow sideways path since the morning near the $ 100.00 barrier, and the price remains steady within the descending channel shown on the chart above. Therefore, the bearish scenario will remain effective during the coming sessions provided stability below 156.51 and above below 198.26, The major starts at 89.02 and extends to 64.30.

The trading range for today is expected among the support at 70.00 and the resistance at 156.50

The general trend for today is bearish

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