Litecoin Intraday: the downside prevails as long as 82.9 is resistance
May 8, 2024 02:36
Litecoin (LTC/USD)
-1.28-1.54%
the downside prevails as long as 82.9 is resistance.
Our pivot point stands at 82.9.
Our preference: the downside prevails as long as 82.9 is resistance.
Alternative scenario: above 82.9, look for 85.4 and 86.9.
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 stands below its 20 and 50 period moving average (respectively at 81.5 and 81.3).
Supports and resistances:
86.9 **
85.4 *
82.9 **
81.9
80.9 last
77.9
76.3 **
74.8 *
73.3 **
Our preference: the downside prevails as long as 82.9 is resistance.
Alternative scenario: above 82.9, look for 85.4 and 86.9.
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 stands below its 20 and 50 period moving average (respectively at 81.5 and 81.3).
Supports and resistances:
86.9 **
85.4 *
82.9 **
81.9
80.9 last
77.9
76.3 **
74.8 *
73.3 **
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