Litecoin Intraday: above its upper Bollinger band
Litecoin (LTC/USD)
+1.58+3.58%
as long as 45.1 is support look for 47.
Our pivot point is at 45.1.
Our preference: as long as 45.1 is support look for 47.
Alternative scenario: the downside breakout of 45.1 would call for 44.6 and 44.3.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 45.3 and 44.7). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 45.7).
Supports and resistances:
47.3 *
47.0 **
46.7
45.7 last
45.1 **
44.6 *
44.3 **
Our preference: as long as 45.1 is support look for 47.
Alternative scenario: the downside breakout of 45.1 would call for 44.6 and 44.3.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 45.3 and 44.7). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 45.7).
Supports and resistances:
47.3 *
47.0 **
46.7
45.7 last
45.1 **
44.6 *
44.3 **
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