Litecoin Intraday: the downside prevails as long as 82.7 is resistance
May 8, 2024 04:43
Litecoin (LTC/USD)
-1.22-1.46%
the downside prevails as long as 82.7 is resistance.
82.7 is our pivot point.
Our preference: the downside prevails as long as 82.7 is resistance.
Alternative scenario: the upside breakout of 82.7, would call for 85.2 and 86.7.
Comment: the RSI is below 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 81.2 and 81.3).
Supports and resistances:
86.7 **
85.2 *
82.7 **
81.7
80.7 last
77.7
76.2 **
74.6 *
73.1 **
Our preference: the downside prevails as long as 82.7 is resistance.
Alternative scenario: the upside breakout of 82.7, would call for 85.2 and 86.7.
Comment: the RSI is below 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 81.2 and 81.3).
Supports and resistances:
86.7 **
85.2 *
82.7 **
81.7
80.7 last
77.7
76.2 **
74.6 *
73.1 **
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