Litecoin Intraday: below its lower Bollinger band
Litecoin (LTC/USD)
-2.02-2.35%
rebound towards 92.1.
Our pivot point is at 86.3.
Our preference: rebound towards 92.1.
Alternative scenario: the downside breakout of 86.3 would call for 84.4 and 83.3.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88.7 and 90). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (87.8).
Supports and resistances:
94.4 **
93.3 *
92.1 **
91.0
87.8 last
87.0
86.3 **
84.4 *
83.3 **
Our preference: rebound towards 92.1.
Alternative scenario: the downside breakout of 86.3 would call for 84.4 and 83.3.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88.7 and 90). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (87.8).
Supports and resistances:
94.4 **
93.3 *
92.1 **
91.0
87.8 last
87.0
86.3 **
84.4 *
83.3 **
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