Litecoin Intraday: as long as 111.2 is support look for 118.4
Litecoin (LTC/USD)
-0.14-0.13%
as long as 111.2 is support look for 118.4.
111.2 is our pivot point.
Our preference: as long as 111.2 is support look for 118.4.
Alternative scenario: the downside breakout of 111.2 would call for 108.6 and 107.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 113.5 and 113.1).
Supports and resistances:
121.6 **
120.0 *
118.4 **
116.9
113.6 last
112.3
111.2 **
108.6 *
107.0 **
Our preference: as long as 111.2 is support look for 118.4.
Alternative scenario: the downside breakout of 111.2 would call for 108.6 and 107.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 113.5 and 113.1).
Supports and resistances:
121.6 **
120.0 *
118.4 **
116.9
113.6 last
112.3
111.2 **
108.6 *
107.0 **
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