Litecoin Intraday: rebound
Litecoin (LTC/USD)
+2.88+4.01%
rebound.
71.1 is our pivot point.
Our preference: rebound.
Alternative scenario: below 71.1, expect 69.7 and 68.9.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (72.3) but below its 50 period moving average (72.5).
Supports and resistances:
76.7 **
75.8 *
75.0 **
74.2
72.5 last
71.6
71.1 **
69.7 *
68.9 **
Our preference: rebound.
Alternative scenario: below 71.1, expect 69.7 and 68.9.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (72.3) but below its 50 period moving average (72.5).
Supports and resistances:
76.7 **
75.8 *
75.0 **
74.2
72.5 last
71.6
71.1 **
69.7 *
68.9 **
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