Litecoin Intraday: rebound

May 24, 2024 00:30
Litecoin (LTC/USD)
-0.70-0.94%
rebound.
image
Our pivot point stands at 83.4.

Our preference: rebound.

Alternative scenario: the downside breakout of 83.4 would call for 81 and 79.6.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (84.6) but below its 50 period moving average (85.6).

Supports and resistances:
92.5 **
91.1 *
89.6 **
88.2
85.3 last
84.4
83.4 **
81.0 *
79.6 **

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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