Litecoin Short Term: the upside prevails as long as 59.6 is support
Oct 1, 2024 10:06 AM
the upside prevails as long as 59.6 is support.
Our pivot point stands at 59.6.
Our preference:
the upside prevails as long as 59.6 is support.
Alternative scenario:
below 59.6, expect 50.6 and 45.2.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66.5 and 65).
Supports and resistances:
96.0 **
90.5 *
85.0 **
79.5
68.4 last
63.1
59.6 **
50.6 *
45.2 **
Our preference:
the upside prevails as long as 59.6 is support.
Alternative scenario:
below 59.6, expect 50.6 and 45.2.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66.5 and 65).
Supports and resistances:
96.0 **
90.5 *
85.0 **
79.5
68.4 last
63.1
59.6 **
50.6 *
45.2 **
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.
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