Litecoin Intraday: the downside prevails as long as 84.5 is resistance
Nov 21, 2024 3:06 AM
the downside prevails as long as 84.5 is resistance.
Our pivot point is at 84.5.
Our preference:
the downside prevails as long as 84.5 is resistance.
Alternative scenario:
above 84.5, look for 86.5 and 87.7.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.8 and 85).
Supports and resistances:
87.7 **
86.5 *
84.5 **
83.8
82.8 last
80.3
79.1 **
78.0 *
76.8 **
Our preference:
the downside prevails as long as 84.5 is resistance.
Alternative scenario:
above 84.5, look for 86.5 and 87.7.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.8 and 85).
Supports and resistances:
87.7 **
86.5 *
84.5 **
83.8
82.8 last
80.3
79.1 **
78.0 *
76.8 **
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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