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Litecoin Intraday: the upside prevails as long as 78.8 is support
Litecoin (LTC/USD)
+0.15+0.20%
the upside prevails as long as 78.8 is support.
Our pivot point stands at 78.8.
Our preference: the upside prevails as long as 78.8 is support.
Alternative scenario: the downside breakout of 78.8 would call for 76.5 and 75.2.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80.1 and 79.9).
Supports and resistances:
87.8 **
86.4 *
85.0 **
83.7
80.6 last
79.7
78.8 **
76.5 *
75.2 **
Our preference: the upside prevails as long as 78.8 is support.
Alternative scenario: the downside breakout of 78.8 would call for 76.5 and 75.2.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80.1 and 79.9).
Supports and resistances:
87.8 **
86.4 *
85.0 **
83.7
80.6 last
79.7
78.8 **
76.5 *
75.2 **
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.
