Litecoin Intraday: Risk escalating

Litecoin (LTC/USD)
-1.20-2.23%
The downside prevails as long as 54.5 is resistance, with 53.0 and 52.7 as targets
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Our pivot point is at 54.5.

Our preference: The downside prevails as long as 54.5 is resistance, with 53.0 and 52.7 as targets

Alternative scenario: above 54.5, look for 55.1 and 55.5.

Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

Supports and resistances:
55.5 **
55.1 *
54.5 **
54.1 last
53.0
52.7 **
52.3 *

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.
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