Litecoin Intraday: the downside prevails as long as 103.1 is resistance
Feb 4, 2025 7:51 AM
the downside prevails as long as 103.1 is resistance.
Our pivot point stands at 103.1.
Our preference:
the downside prevails as long as 103.1 is resistance.
Alternative scenario:
the upside breakout of 103.1, would call for 106.3 and 108.2.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104.7 and 102).
Supports and resistances:
108.2 **
106.3 *
103.1 **
101.9
99.5 last
95.5
93.7 **
91.8 *
90.0 **
Our preference:
the downside prevails as long as 103.1 is resistance.
Alternative scenario:
the upside breakout of 103.1, would call for 106.3 and 108.2.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104.7 and 102).
Supports and resistances:
108.2 **
106.3 *
103.1 **
101.9
99.5 last
95.5
93.7 **
91.8 *
90.0 **
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Litecoin
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