Litecoin Intraday: the downside prevails as long as 89.4 is resistance
Litecoin (LTC/USD)
-1.70-1.84%
the downside prevails as long as 89.4 is resistance.
Our pivot point stands at 89.4.
Our preference: the downside prevails as long as 89.4 is resistance.
Alternative scenario: the upside breakout of 89.4, would call for 92.1 and 93.7.
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 88.1 and 89.5).
Supports and resistances:
93.7 **
92.1 *
89.4 **
88.3
86.5 last
83.3
81.7 **
80.1 *
78.5 **
Our preference: the downside prevails as long as 89.4 is resistance.
Alternative scenario: the upside breakout of 89.4, would call for 92.1 and 93.7.
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 88.1 and 89.5).
Supports and resistances:
93.7 **
92.1 *
89.4 **
88.3
86.5 last
83.3
81.7 **
80.1 *
78.5 **
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