Litecoin price is likely to continue exploring the downside with a target at $35 in spite of showing stability at $35. Short term analysis shows Litecoin giving in to sideways trading in the range between Bollinger Band middle and upper curves. Spot rate: $49.92 Relative change: -0.5977 Percentage change: -1.18% Trend: Bearish bias Volatility: Expanding LTC/USD daily chart Litecoin price is still in grave danger of breaking down further to test the support areas at $45 and $35, respectively. The Elliot Wave Oscillator is in its third consecutive bearish session under the mean line (0.00). Besides, LTC/USD is trading under key ascending trendline support. Unless a reversal above $60 occurs, danger still looms. LTC/USD 1-hour chart The Bollinger Band 1-hour middle curve is the immediate support area. The indicator’s upper curve is holding in position and greatly hinders movement towards $52.00. On the other hand, the short term trend is likely to remain sideways with the price being pivotal at $50. The RSI in the hourly range is horizontal in the levels slightly under 50. If the motion remains intact, sideways trading could take precedence in the European session but the danger of further breakdown could still hang in the balance. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next BI Survey: Indonesia’s Retail Sales drop 0.3% YoY in Jan, Rupiah off six-day low FX Street 3 years Litecoin price is likely to continue exploring the downside with a target at $35 in spite of showing stability at $35. Short term analysis shows Litecoin giving in to sideways trading in the range between Bollinger Band middle and upper curves. Spot rate: $49.92 Relative change: -0.5977 Percentage change: -1.18% Trend: Bearish bias Volatility: Expanding LTC/USD daily chart Litecoin price is still in grave danger of breaking down further to test the support areas at $45 and $35, respectively. The Elliot Wave Oscillator is in its third consecutive bearish session under the mean line (0.00). Besides, LTC/USD is trading under… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.