Our pivot point stands at 71.1.
Our preference: the downside prevails as long as 71.1 is resistance.
Alternative scenario: above 71.1, look for 72.3 and 73.0.
Comment: the RSI is below 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 70.8 and 71). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (70.1).
Supports and resistances:
73.0 **
72.3 *
71.1 **
70.6
70.1 last
68.6
67.9 **
67.1 *
66.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2024 at 10:47 UTC+1
Price reference: 70.1 last known on 02-20-2024 at 10:47 UTC+1
Investment horizon: INTRADAY
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