Our pivot point is at 69.3.
Our preference: the downside prevails as long as 69.3 is resistance.
Alternative scenario: above 69.3, look for 70.5 and 71.2.
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 69 and 69.4). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 68.4).
Supports and resistances:
71.2 **
70.5 *
69.3 **
68.8
68.3 last
66.9
66.2 **
65.4 *
64.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 02-21-2024 at 11:01 UTC+1
Price reference: 68.3 last known on 02-21-2024 at 11:01 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf