Litecoin Intraday: the downside prevails as long as 122.1 is resistance
Feb 12, 2025 1:05 AM
the downside prevails as long as 122.1 is resistance.
Our pivot point stands at 122.1.
Our preference:
the downside prevails as long as 122.1 is resistance.
Alternative scenario:
the upside breakout of 122.1, would call for 125.9 and 128.1.
Comment:
the RSI is below its neutrality area at 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 120.8 and 124.6).
Supports and resistances:
128.1 **
125.9 *
122.1 **
120.7
119.2 last
114.5
112.3 **
110.1 *
107.8 **
Our preference:
the downside prevails as long as 122.1 is resistance.
Alternative scenario:
the upside breakout of 122.1, would call for 125.9 and 128.1.
Comment:
the RSI is below its neutrality area at 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 120.8 and 124.6).
Supports and resistances:
128.1 **
125.9 *
122.1 **
120.7
119.2 last
114.5
112.3 **
110.1 *
107.8 **
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