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Litecoin Intraday: below its lower Bollinger band
Litecoin (LTC/USD)
-0.31-0.58%
the downside prevails as long as 54.3 is resistance.
Our pivot point is at 54.3.
Our preference: the downside prevails as long as 54.3 is resistance.
Alternative scenario: above 54.3, look for 55.5 and 56.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 53.7 and 53.6). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 53.2).
Supports and resistances:
56.2 **
55.5 *
54.3 **
53.2 last
51.7
51.0 **
50.3 *
Our preference: the downside prevails as long as 54.3 is resistance.
Alternative scenario: above 54.3, look for 55.5 and 56.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 53.7 and 53.6). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 53.2).
Supports and resistances:
56.2 **
55.5 *
54.3 **
53.2 last
51.7
51.0 **
50.3 *
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.
