Litecoin Intraday: rebound towards 70.5
Litecoin (LTC/USD)+0.50+0.82%
rebound towards 70.5.
![image](https://resource.mistorebox.com/pmsync/images/strategy/20240725/ltcusdusd240725173216.gif)
Our pivot point is at 67.0.
Our preference: rebound towards 70.5.
Alternative scenario: below 67.0, expect 65.7 and 64.9.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68.8 and 70.6).
Supports and resistances:
72.0 **
71.3 *
70.5 **
69.7
68.1 last
67.5
67.0 **
65.7 *
64.9 **
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