Litecoin Intraday: under pressure below 89.2
Apr 27, 2024 07:14
Litecoin (LTC/USD)
0.89+1.11%
under pressure below 89.2.
89.2 is our pivot point.
Our preference: under pressure below 89.2.
Alternative scenario: above 89.2, look for 91.9 and 93.5.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 87.4 and 87).
Supports and resistances:
93.5 **
91.9 *
89.2 **
88.1
86.8 last
83.5
81.9 **
80.3 *
78.7 **
Our preference: under pressure below 89.2.
Alternative scenario: above 89.2, look for 91.9 and 93.5.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 87.4 and 87).
Supports and resistances:
93.5 **
91.9 *
89.2 **
88.1
86.8 last
83.5
81.9 **
80.3 *
78.7 **
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