Target: 20.00
Risk: 33.25
Technical reasons:
Litecoin price moves below the ascending channel, and it needs to surpass the support base formed by the exponential moving averages 50 and 100 at 30.00 to confirm the continuation of the bearish trend, and the next target at 20.00.
Surpassing 33.25 will stop the expected decline and push the price to achieve potential rises on the short term basis.
Risk: 33.25
Technical reasons:
Litecoin price moves below the ascending channel, and it needs to surpass the support base formed by the exponential moving averages 50 and 100 at 30.00 to confirm the continuation of the bearish trend, and the next target at 20.00.
Surpassing 33.25 will stop the expected decline and push the price to achieve potential rises on the short term basis.