Litecoin Intraday: as long as 117.8 is resistance look for 110.7
Litecoin (LTC/USD)
+2.49+2.17%
as long as 117.8 is resistance look for 110.7.
Our pivot point stands at 117.8.
Our preference: as long as 117.8 is resistance look for 110.7.
Alternative scenario: the upside breakout of 117.8, would call for 120.5 and 122.1.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.6 and 115.8).
Supports and resistances:
122.1 **
120.5 *
117.8 **
116.7
115.6 last
112.4
110.7 **
109.1 *
107.5 **
Our preference: as long as 117.8 is resistance look for 110.7.
Alternative scenario: the upside breakout of 117.8, would call for 120.5 and 122.1.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115.6 and 115.8).
Supports and resistances:
122.1 **
120.5 *
117.8 **
116.7
115.6 last
112.4
110.7 **
109.1 *
107.5 **
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