Litecoin Intraday: the downside prevails as long as 110.8 is resistance
Litecoin (LTC/USD)
+0.32+0.30%
the downside prevails as long as 110.8 is resistance.
Our pivot point is at 110.8.
Our preference: the downside prevails as long as 110.8 is resistance.
Alternative scenario: above 110.8, look for 114.2 and 116.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108.1 and 108.1).
Supports and resistances:
116.2 **
114.2 *
110.8 **
109.5
107.7 last
103.6
101.6 **
99.6 *
97.6 **
Our preference: the downside prevails as long as 110.8 is resistance.
Alternative scenario: above 110.8, look for 114.2 and 116.2.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108.1 and 108.1).
Supports and resistances:
116.2 **
114.2 *
110.8 **
109.5
107.7 last
103.6
101.6 **
99.6 *
97.6 **
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