Litecoin Intraday: the downside prevails as long as 94.8 is resistance
Litecoin (LTC/USD)
+3.12+3.41%
the downside prevails as long as 94.8 is resistance.
Our pivot point stands at 94.8.
Our preference: the downside prevails as long as 94.8 is resistance.
Alternative scenario: above 94.8, look for 96.6 and 97.7.
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 94.3 and 95.5).
Supports and resistances:
97.7 **
96.6 *
94.8 **
94.1
93.3 last
91.0
89.9 **
88.9 *
87.8 **
Our preference: the downside prevails as long as 94.8 is resistance.
Alternative scenario: above 94.8, look for 96.6 and 97.7.
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 94.3 and 95.5).
Supports and resistances:
97.7 **
96.6 *
94.8 **
94.1
93.3 last
91.0
89.9 **
88.9 *
87.8 **
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