Litecoin Intraday: the downside prevails as long as 86.2 is resistance
Nov 20, 2024 8:51 PM
the downside prevails as long as 86.2 is resistance.
Our pivot point is at 86.2.
Our preference:
the downside prevails as long as 86.2 is resistance.
Alternative scenario:
above 86.2, look for 88.2 and 89.4.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85.2 and 85.6).
Supports and resistances:
89.4 **
88.2 *
86.2 **
85.4
84.6 last
81.7
80.5 **
79.3 *
78.1 **
Our preference:
the downside prevails as long as 86.2 is resistance.
Alternative scenario:
above 86.2, look for 88.2 and 89.4.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85.2 and 85.6).
Supports and resistances:
89.4 **
88.2 *
86.2 **
85.4
84.6 last
81.7
80.5 **
79.3 *
78.1 **
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Litecoin
88.73
5.22
+6.25%