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Litecoin Intraday: as long as 54.6 is resistance look for 52.8
Litecoin (LTC/USD)
-0.08-0.15%
as long as 54.6 is resistance look for 52.8.
Our pivot point is at 54.6.
Our preference: as long as 54.6 is resistance look for 52.8.
Alternative scenario: the upside breakout of 54.6, would call for 55.3 and 55.7.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (53.9) but below its 50 period moving average (54).
Supports and resistances:
55.7 **
55.3 *
54.6 **
54.0 last
53.2
52.8 **
52.4 *
Our preference: as long as 54.6 is resistance look for 52.8.
Alternative scenario: the upside breakout of 54.6, would call for 55.3 and 55.7.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (53.9) but below its 50 period moving average (54).
Supports and resistances:
55.7 **
55.3 *
54.6 **
54.0 last
53.2
52.8 **
52.4 *
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.
