Litecoin Intraday: as long as 113.1 is support look for 120.2
Litecoin (LTC/USD)
+0.31+0.27%
as long as 113.1 is support look for 120.2.
Our pivot point is at 113.1.
Our preference: as long as 113.1 is support look for 120.2.
Alternative scenario: the downside breakout of 113.1 would call for 110.4 and 108.7.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 115.2 and 114.6).
Supports and resistances:
123.4 **
121.8 *
120.2 **
118.5
115.3 last
114.2
113.1 **
110.4 *
108.7 **
Our preference: as long as 113.1 is support look for 120.2.
Alternative scenario: the downside breakout of 113.1 would call for 110.4 and 108.7.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 115.2 and 114.6).
Supports and resistances:
123.4 **
121.8 *
120.2 **
118.5
115.3 last
114.2
113.1 **
110.4 *
108.7 **
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