Litecoin Intraday: the upside prevails as long as 106.1 is support
Dec 25, 2024 2:03 PM
the upside prevails as long as 106.1 is support.
106.1 is our pivot point.
Our preference:
the upside prevails as long as 106.1 is support.
Alternative scenario:
below 106.1, expect 102.7 and 100.6.
Comment:
the RSI is above its neutrality area at 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 108.6 and 108.6).
Supports and resistances:
119.1 **
117.0 *
115.0 **
113.0
108.9 last
107.4
106.1 **
102.7 *
100.6 **
Our preference:
the upside prevails as long as 106.1 is support.
Alternative scenario:
below 106.1, expect 102.7 and 100.6.
Comment:
the RSI is above its neutrality area at 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 108.6 and 108.6).
Supports and resistances:
119.1 **
117.0 *
115.0 **
113.0
108.9 last
107.4
106.1 **
102.7 *
100.6 **
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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Litecoin
100.51
-1.15
-1.13%