Cryptocurrency

Litecoin / Dollar may rise to 67.0 - 67.6

2024-10-09

64.9 is our pivot point.

Our preference

As long as 64.9 is support look for 67.6.

Alternative scenario

Below 64.9, expect 63.8 and 63.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 65.7 and 65.7).

Supports and resistances

68.8 **

68.2 *

67.6 **

67.0

65.8 last

65.3

64.9 **

63.8 *

63.2 **

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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