Litecoin Intraday: Look for 49.8
Litecoin (LTC/USD)
-0.01-0.02%
The downside prevails as long as 51.0 is resistance, with 49.8 and 49.6 as targets
Our pivot point is at 51.0.
Our preference: The downside prevails as long as 51.0 is resistance, with 49.8 and 49.6 as targets
Alternative scenario: above 51.0, look for 51.4 and 51.7.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 50.7 and 51.0).
Supports and resistances:
51.7 **
51.4 *
51.0 **
50.4 last
49.8
49.6 **
49.3 *
Our preference: The downside prevails as long as 51.0 is resistance, with 49.8 and 49.6 as targets
Alternative scenario: above 51.0, look for 51.4 and 51.7.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 50.7 and 51.0).
Supports and resistances:
51.7 **
51.4 *
51.0 **
50.4 last
49.8
49.6 **
49.3 *
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