Litecoin Intraday: Throwback or further upside?
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: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
47.2 *
46.8 **
46.5
46.0 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: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
47.2 *
46.8 **
46.5
46.0 last
45.1 **
44.5 *
44.1 **
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