Cryptocurrency

Litecoin / Dollar may rise to 67.6 - 68.3

2024-07-10

64.4 is our pivot point.

Our preference

Our next up target stands at 68.3.

Alternative scenario

Below 64.4, expect 63.1 and 62.4.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 65.3 and 65.5).

Supports and resistances

69.8 **

69.1 *

68.3 **

67.6

65.7 last

64.9

64.4 **

63.1 *

62.4 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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