Litecoin Intraday: as long as 55.8 is support look for 58.3
Litecoin (LTC/USD)
-0.04-0.07%
as long as 55.8 is support look for 58.3.
Our pivot point stands at 55.8.
Our preference: as long as 55.8 is support look for 58.3.
Alternative scenario: below 55.8, expect 54.9 and 54.4.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (56.6) but above its 50 period moving average (56.3).
Supports and resistances:
58.9 *
58.3 **
57.8
56.6 last
55.8 **
54.9 *
54.4 **
Our preference: as long as 55.8 is support look for 58.3.
Alternative scenario: below 55.8, expect 54.9 and 54.4.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (56.6) but above its 50 period moving average (56.3).
Supports and resistances:
58.9 *
58.3 **
57.8
56.6 last
55.8 **
54.9 *
54.4 **
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