Litecoin Intraday: the upside prevails as long as 64.4 is support
Litecoin (LTC/USD)
+0.60+0.61%
the upside prevails as long as 64.4 is support.
64.4 is our pivot point.
Our preference: the upside prevails as long as 64.4 is support.
Alternative scenario: the downside breakout of 64.4 would call for 63.1 and 62.4.
Comment: the RSI is above 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 65.2 and 64.8).
Supports and resistances:
69.3 **
68.6 *
67.8 **
67.1
65.5 last
64.9
64.4 **
63.1 *
62.4 **
Our preference: the upside prevails as long as 64.4 is support.
Alternative scenario: the downside breakout of 64.4 would call for 63.1 and 62.4.
Comment: the RSI is above 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 65.2 and 64.8).
Supports and resistances:
69.3 **
68.6 *
67.8 **
67.1
65.5 last
64.9
64.4 **
63.1 *
62.4 **
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