Litecoin Intraday: the upside prevails as long as 119 is support
Litecoin (LTC/USD)
-0.73-0.63%
the upside prevails as long as 119 is support.
Our pivot point stands at 119.0.
Our preference: the upside prevails as long as 119 is support.
Alternative scenario: the downside breakout of 119 would call for 116.6 and 115.2.
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 118.5 and 116.5).
Supports and resistances:
128.2 **
126.8 *
125.4 **
124.0
120.8 last
119.9
119.0 **
116.6 *
115.2 **
Our preference: the upside prevails as long as 119 is support.
Alternative scenario: the downside breakout of 119 would call for 116.6 and 115.2.
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 118.5 and 116.5).
Supports and resistances:
128.2 **
126.8 *
125.4 **
124.0
120.8 last
119.9
119.0 **
116.6 *
115.2 **
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