Litecoin Intraday: below its lower Bollinger band
Litecoin (LTC/USD)
-3.56-3.04%
the downside prevails as long as 118.4 is resistance.
Our pivot point stands at 118.4.
Our preference: the downside prevails as long as 118.4 is resistance.
Alternative scenario: above 118.4, look for 120.7 and 122.1.
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 117.8 and 117.3). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (116.0).
Supports and resistances:
122.1 **
120.7 *
118.4 **
117.5
115.7 last
112.7
111.3 **
109.9 *
108.6 **
Our preference: the downside prevails as long as 118.4 is resistance.
Alternative scenario: above 118.4, look for 120.7 and 122.1.
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 117.8 and 117.3). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (116.0).
Supports and resistances:
122.1 **
120.7 *
118.4 **
117.5
115.7 last
112.7
111.3 **
109.9 *
108.6 **
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.
