Litecoin / Dollar intraday: as long as 71.7 is support look for 75.2

Limited Increase
u
1675394736408
LTCUSD+0%
2024-10-29 21:51Source:TC

Our pivot point is at 71.7.

Our preference: as long as 71.7 is support look for 75.2.

Alternative scenario: the downside breakout of 71.7 would call for 70.5 and 69.8.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 73 and 72.2).

Supports and resistances:

76.6 **

75.9 *

75.2 **

74.5

73.0 last

72.2

71.7 **

70.5 *

69.8 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-29-2024 at 21:51 UTC+1

Price reference: 73.0 last known on 10-29-2024 at 21:51 UTC+1

Investment horizon: INTRADAY

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