Cryptocurrency

Litecoin / Dollar may rise to 65.9 - 66.8

2024-08-21

62.8 is our pivot point.

Our preference

Rebound towards 66.8.

Alternative scenario

Below 62.8, expect 61.3 and 60.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64.3 and 65.5).

Supports and resistances

68.6 **

67.7 *

66.8 **

65.9

64.1 last

63.4

62.8 **

61.3 *

60.4 **

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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