Litecoin Intraday: the upside prevails as long as 72.4 is support
Litecoin (LTC/USD)
+2.88+4.01%
the upside prevails as long as 72.4 is support.
72.4 is our pivot point.
Our preference: the upside prevails as long as 72.4 is support.
Alternative scenario: below 72.4, expect 71.1 and 70.2.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72.8 and 72.4).
Supports and resistances:
78.4 **
77.5 *
76.7 **
75.9
73.9 last
73.0
72.4 **
71.1 *
70.2 **
Our preference: the upside prevails as long as 72.4 is support.
Alternative scenario: below 72.4, expect 71.1 and 70.2.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72.8 and 72.4).
Supports and resistances:
78.4 **
77.5 *
76.7 **
75.9
73.9 last
73.0
72.4 **
71.1 *
70.2 **
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