Litecoin Intraday: rebound towards 88.1
Nov 21, 2024 1:05 AM
rebound towards 88.1.
Our pivot point is at 82.8.
Our preference:
rebound towards 88.1.
Alternative scenario:
the downside breakout of 82.8 would call for 80.7 and 79.5.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (84.2) but below its 50 period moving average (85.2).
Supports and resistances:
90.5 **
89.3 *
88.1 **
86.9
84.5 last
83.5
82.8 **
80.7 *
79.5 **
Our preference:
rebound towards 88.1.
Alternative scenario:
the downside breakout of 82.8 would call for 80.7 and 79.5.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (84.2) but below its 50 period moving average (85.2).
Supports and resistances:
90.5 **
89.3 *
88.1 **
86.9
84.5 last
83.5
82.8 **
80.7 *
79.5 **
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.
Related Instruments
Litecoin
88.78
5.27
+6.31%