Litecoin Intraday: as long as 78 is support look for 83.7

Litecoin (LTC/USD)
+0.32+0.41%
as long as 78 is support look for 83.7.
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Our pivot point is at 78.0.

Our preference: as long as 78 is support look for 83.7.

Alternative scenario: below 78.0, expect 75.7 and 74.4.

Comment: the RSI is above 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 79.6 and 78.8).

Supports and resistances:
86.4 **
85.1 *
83.7 **
82.4
79.8 last
78.8
78.0 **
75.7 *
74.4 **

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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