Litecoin Intraday: Towards 46.5
Litecoin (LTC/USD)
0.000.00%
The upside prevails as long as 45.1 is support, with 46.5 and 46.8 as targets
Our pivot point is at 45.1.
Our preference: The upside prevails as long as 45.1 is support, with 46.5 and 46.8 as targets
Alternative scenario: below 45.1, expect 44.5 and 44.1.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 45.7 and 45.6).
Supports and resistances:
47.2 *
46.8 **
46.5
45.9 last
45.1 **
44.5 *
44.1 **
Our preference: The upside prevails as long as 45.1 is support, with 46.5 and 46.8 as targets
Alternative scenario: below 45.1, expect 44.5 and 44.1.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 45.7 and 45.6).
Supports and resistances:
47.2 *
46.8 **
46.5
45.9 last
45.1 **
44.5 *
44.1 **
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