Litecoin Intraday: as long as 85.6 is resistance look for 78.7
Litecoin (LTC/USD)
-2.07-2.45%
as long as 85.6 is resistance look for 78.7.
Our pivot point stands at 85.6.
Our preference: as long as 85.6 is resistance look for 78.7.
Alternative scenario: above 85.6, look for 88.2 and 89.8.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.5 and 83.6).
Supports and resistances:
89.8 **
88.2 *
85.6 **
84.5
83.5 last
80.3
78.7 **
77.2 *
75.6 **
Our preference: as long as 85.6 is resistance look for 78.7.
Alternative scenario: above 85.6, look for 88.2 and 89.8.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.5 and 83.6).
Supports and resistances:
89.8 **
88.2 *
85.6 **
84.5
83.5 last
80.3
78.7 **
77.2 *
75.6 **
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