Litecoin Intraday: the downside prevails as long as 121.7 is resistance
Litecoin (LTC/USD)
-4.53-3.72%
the downside prevails as long as 121.7 is resistance.
Our pivot point is at 121.7.
Our preference: the downside prevails as long as 121.7 is resistance.
Alternative scenario: above 121.7, look for 124.2 and 125.8.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 120.1 and 119.5).
Supports and resistances:
125.8 **
124.2 *
121.7 **
120.6
119.4 last
116.3
114.8 **
113.3 *
111.7 **
Our preference: the downside prevails as long as 121.7 is resistance.
Alternative scenario: above 121.7, look for 124.2 and 125.8.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 120.1 and 119.5).
Supports and resistances:
125.8 **
124.2 *
121.7 **
120.6
119.4 last
116.3
114.8 **
113.3 *
111.7 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
