Cryptocurrency

Litecoin / Dollar may fall to 67.7 - 68.4

2024-10-24

Our pivot point stands at 70.6.

Our preference

Eye 67.7.

Alternative scenario

Above 70.6, look for 71.8 and 72.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (69.8) but above its 50 period moving average (69.6).

Supports and resistances

72.5 **

71.8 *

70.6 **

70.2

69.7 last

68.4

67.7 **

67.0 *

66.3 **

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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