Litecoin Intraday: under pressure below 111.3
Dec 26, 2024 3:06 AM
under pressure below 111.3.
Our pivot point is at 111.3.
Our preference:
under pressure below 111.3.
Alternative scenario:
the upside breakout of 111.3, would call for 114.7 and 116.8.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108.8 and 108.6).
Supports and resistances:
116.8 **
114.7 *
111.3 **
110.0
108.4 last
104.3
102.3 **
100.3 *
98.2 **
Our preference:
under pressure below 111.3.
Alternative scenario:
the upside breakout of 111.3, would call for 114.7 and 116.8.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108.8 and 108.6).
Supports and resistances:
116.8 **
114.7 *
111.3 **
110.0
108.4 last
104.3
102.3 **
100.3 *
98.2 **
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
100.45
-1.21
-1.19%