Litecoin Intraday: the upside prevails as long as 82.8 is support
Litecoin (LTC/USD)
+1.90+2.17%
the upside prevails as long as 82.8 is support.
Our pivot point stands at 82.8.
Our preference: the upside prevails as long as 82.8 is support.
Alternative scenario: the downside breakout of 82.8 would call for 81 and 79.9.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.1 and 84).
Supports and resistances:
89.7 **
88.6 *
87.5 **
86.4
84.3 last
83.5
82.8 **
81.0 *
79.9 **
Our preference: the upside prevails as long as 82.8 is support.
Alternative scenario: the downside breakout of 82.8 would call for 81 and 79.9.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.1 and 84).
Supports and resistances:
89.7 **
88.6 *
87.5 **
86.4
84.3 last
83.5
82.8 **
81.0 *
79.9 **
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