Our pivot point stands at 84.8.
Our preference: the downside prevails as long as 84.8 is resistance.
Alternative scenario: the upside breakout of 84.8, would call for 87.4 and 89.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 84.3 and 84.5). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (82.6).
Supports and resistances:
89.0 **
87.4 *
84.8 **
83.8
82.5 last
79.0
77.5 **
75.9 *
74.4 **
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 04-29-2024 at 09:10 UTC+1
Price reference: 82.5 last known on 04-29-2024 at 09:10 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