Litecoin Intraday: rebound towards 74.8
Litecoin (LTC/USD)
+2.88+4.01%
rebound towards 74.8.
Our pivot point stands at 71.1.
Our preference: rebound towards 74.8.
Alternative scenario: the downside breakout of 71.1 would call for 69.8 and 69.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (72.1) but below its 50 period moving average (73.1).
Supports and resistances:
76.4 **
75.6 *
74.8 **
74.0
72.2 last
71.7
71.1 **
69.8 *
69.0 **
Our preference: rebound towards 74.8.
Alternative scenario: the downside breakout of 71.1 would call for 69.8 and 69.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (72.1) but below its 50 period moving average (73.1).
Supports and resistances:
76.4 **
75.6 *
74.8 **
74.0
72.2 last
71.7
71.1 **
69.8 *
69.0 **
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