Litecoin Intraday: above its upper Bollinger band
Nov 20, 2024 2:03 PM
the upside prevails as long as 85.3 is support.
Our pivot point stands at 85.3.
Our preference:
the upside prevails as long as 85.3 is support.
Alternative scenario:
the downside breakout of 85.3 would call for 83.2 and 82.
Comment:
the RSI is above 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 85.9 and 86.2). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 87.1).
Supports and resistances:
93.4 **
92.1 *
90.9 **
89.6
87.2 last
86.1
85.3 **
83.2 *
82.0 **
Our preference:
the upside prevails as long as 85.3 is support.
Alternative scenario:
the downside breakout of 85.3 would call for 83.2 and 82.
Comment:
the RSI is above 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 85.9 and 86.2). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 87.1).
Supports and resistances:
93.4 **
92.1 *
90.9 **
89.6
87.2 last
86.1
85.3 **
83.2 *
82.0 **
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