Litecoin Intraday: as long as 83 is support look for 90.1

Litecoin (LTC/USD)
+0.08+0.15%
as long as 83 is support look for 90.1.
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83.0 is our pivot point.

Our preference: as long as 83 is support look for 90.1.

Alternative scenario: below 83.0, expect 80.4 and 78.8.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.5 and 82.4).

Supports and resistances:
93.3 **
91.7 *
90.1 **
88.5
85.2 last
84.1
83.0 **
80.4 *
78.8 **

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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