Litecoin Intraday: as long as 117.2 is support look for 124.3
Litecoin (LTC/USD)
-0.63-0.53%
as long as 117.2 is support look for 124.3.
Our pivot point is at 117.2.
Our preference: as long as 117.2 is support look for 124.3.
Alternative scenario: the downside breakout of 117.2 would call for 114.6 and 113.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119.5 and 118).
Supports and resistances:
127.3 **
125.8 *
124.3 **
122.7
119.6 last
118.2
117.2 **
114.6 *
113.1 **
Our preference: as long as 117.2 is support look for 124.3.
Alternative scenario: the downside breakout of 117.2 would call for 114.6 and 113.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119.5 and 118).
Supports and resistances:
127.3 **
125.8 *
124.3 **
122.7
119.6 last
118.2
117.2 **
114.6 *
113.1 **
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