Litecoin Intraday: the downside prevails as long as 94.8 is resistance
Litecoin (LTC/USD)
+0.74+0.79%
the downside prevails as long as 94.8 is resistance.
Our pivot point is at 94.8.
Our preference: the downside prevails as long as 94.8 is resistance.
Alternative scenario: the upside breakout of 94.8, would call for 97.2 and 98.7.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.9 and 96.8).
Supports and resistances:
98.7 **
97.2 *
94.8 **
93.9
92.9 last
90.1
88.6 **
87.2 *
85.8 **
Our preference: the downside prevails as long as 94.8 is resistance.
Alternative scenario: the upside breakout of 94.8, would call for 97.2 and 98.7.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.9 and 96.8).
Supports and resistances:
98.7 **
97.2 *
94.8 **
93.9
92.9 last
90.1
88.6 **
87.2 *
85.8 **
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