64.2 is our pivot point.
Our preference: the upside prevails as long as 64.2 is support.
Alternative scenario: the downside breakout of 64.2 would call for 62.1 and 60.9.
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 65.6 and 65.5). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 66.1).
Supports and resistances:
72.4 **
71.2 *
70.0 **
68.7
66.2 last
65.0
64.2 **
62.1 *
60.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-22-2022 at 09:15 UTC+1
Price reference: 66.2 last known on 12-22-2022 at 09:15 UTC+1
Investment horizon: INTRADAY
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