Litecoin Intraday: the downside prevails as long as 126.8 is resistance
Litecoin (LTC/USD)
-8.53-7.09%
the downside prevails as long as 126.8 is resistance.
126.8 is our pivot point.
Our preference: the downside prevails as long as 126.8 is resistance.
Alternative scenario: the upside breakout of 126.8, would call for 130.7 and 133.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 124 and 124.3).
Supports and resistances:
133.0 **
130.7 *
126.8 **
125.3
123.6 last
118.8
116.5 **
114.2 *
111.9 **
Our preference: the downside prevails as long as 126.8 is resistance.
Alternative scenario: the upside breakout of 126.8, would call for 130.7 and 133.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 124 and 124.3).
Supports and resistances:
133.0 **
130.7 *
126.8 **
125.3
123.6 last
118.8
116.5 **
114.2 *
111.9 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
