Litecoin Intraday: the upside prevails as long as 65.7 is support
Litecoin (LTC/USD)
+1.33+1.34%
the upside prevails as long as 65.7 is support.
Our pivot point is at 65.7.
Our preference: the upside prevails as long as 65.7 is support.
Alternative scenario: the downside breakout of 65.7 would call for 64.4 and 63.6.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66.4 and 65.9).
Supports and resistances:
70.7 **
69.9 *
69.1 **
68.4
66.8 last
66.2
65.7 **
64.4 *
63.6 **
Our preference: the upside prevails as long as 65.7 is support.
Alternative scenario: the downside breakout of 65.7 would call for 64.4 and 63.6.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66.4 and 65.9).
Supports and resistances:
70.7 **
69.9 *
69.1 **
68.4
66.8 last
66.2
65.7 **
64.4 *
63.6 **
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