Litecoin Intraday: the upside prevails as long as 88.3 is support
Litecoin (LTC/USD)
+12.86+14.32%
the upside prevails as long as 88.3 is support.
Our pivot point is at 88.3.
Our preference: the upside prevails as long as 88.3 is support.
Alternative scenario: the downside breakout of 88.3 would call for 86.2 and 84.9.
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 89.5 and 88.9).
Supports and resistances:
96.6 **
95.4 *
94.1 **
92.8
90.2 last
89.2
88.3 **
86.2 *
84.9 **
Our preference: the upside prevails as long as 88.3 is support.
Alternative scenario: the downside breakout of 88.3 would call for 86.2 and 84.9.
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 89.5 and 88.9).
Supports and resistances:
96.6 **
95.4 *
94.1 **
92.8
90.2 last
89.2
88.3 **
86.2 *
84.9 **
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