Litecoin Intraday: the upside prevails as long as 44.4 is support
Litecoin (LTC/USD)
+0.74+1.60%
the upside prevails as long as 44.4 is support.
Our pivot point stands at 44.4.
Our preference: the upside prevails as long as 44.4 is support.
Alternative scenario: below 44.4, expect 43.7 and 43.3.
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 trading above both its 20 and 50 period moving average (respectively at 44.7 and 44.9).
Supports and resistances:
46.6 *
46.2 **
45.8
44.9 last
44.4 **
43.7 *
43.3 **
Our preference: the upside prevails as long as 44.4 is support.
Alternative scenario: below 44.4, expect 43.7 and 43.3.
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 trading above both its 20 and 50 period moving average (respectively at 44.7 and 44.9).
Supports and resistances:
46.6 *
46.2 **
45.8
44.9 last
44.4 **
43.7 *
43.3 **
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