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Litecoin Intraday: the downside prevails as long as 96.6 is resistance
Litecoin (LTC/USD)
+0.57+0.62%
the downside prevails as long as 96.6 is resistance.
Our pivot point stands at 96.6.
Our preference: the downside prevails as long as 96.6 is resistance.
Alternative scenario: above 96.6, look for 99.5 and 101.3.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94.9 and 95.2).
Supports and resistances:
101.3 **
99.5 *
96.6 **
95.4
94.2 last
90.4
88.6 **
86.9 *
85.1 **
Our preference: the downside prevails as long as 96.6 is resistance.
Alternative scenario: above 96.6, look for 99.5 and 101.3.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94.9 and 95.2).
Supports and resistances:
101.3 **
99.5 *
96.6 **
95.4
94.2 last
90.4
88.6 **
86.9 *
85.1 **
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.
