Litecoin Intraday: below its lower Bollinger band
Nov 7, 2024 2:04 PM
the downside prevails as long as 71.3 is resistance.
71.3 is our pivot point.
Our preference:
the downside prevails as long as 71.3 is resistance.
Alternative scenario:
the upside breakout of 71.3, would call for 72.4 and 73.1.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70.8 and 70.6). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (70.4).
Supports and resistances:
73.1 **
72.4 *
71.3 **
70.8
70.4 last
69.0
68.3 **
67.6 *
66.9 **
Our preference:
the downside prevails as long as 71.3 is resistance.
Alternative scenario:
the upside breakout of 71.3, would call for 72.4 and 73.1.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70.8 and 70.6). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (70.4).
Supports and resistances:
73.1 **
72.4 *
71.3 **
70.8
70.4 last
69.0
68.3 **
67.6 *
66.9 **
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Litecoin
104.71
-0.15
-0.14%