Litecoin Intraday: the upside prevails as long as 63 is support
Sep 18, 2024 7:50 PM
the upside prevails as long as 63 is support.
Our pivot point stands at 63.0.
Our preference:
the upside prevails as long as 63 is support.
Alternative scenario:
the downside breakout of 63 would call for 61.7 and 60.9.
Comment:
the RSI is above its neutrality area at 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 63.4 and 63.6).
Supports and resistances:
68.2 **
67.4 *
66.7 **
65.9
64.0 last
63.5
63.0 **
61.7 *
60.9 **
Our preference:
the upside prevails as long as 63 is support.
Alternative scenario:
the downside breakout of 63 would call for 61.7 and 60.9.
Comment:
the RSI is above its neutrality area at 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 63.4 and 63.6).
Supports and resistances:
68.2 **
67.4 *
66.7 **
65.9
64.0 last
63.5
63.0 **
61.7 *
60.9 **
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