Cryptocurrency

Litecoin / Dollar may rise to 82.2 - 83.3

2024-06-08

78.7 is our pivot point.

Our preference

Rebound towards 83.3.

Alternative scenario

Below 78.7, expect 77.0 and 76.0.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 80.2 and 81.8).

Supports and resistances

85.3 **

84.3 *

83.3 **

82.2

80.1 last

79.4

78.7 **

77.0 *

76.0 **

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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