Litecoin / Dollar intraday: the downside prevails

Litecoin / Dollar intraday: the downside prevails as long as 229.50 is resistance

LTCUSD

Trading Central 2021-02-22 14:30:24

Our pivot point stands at 229.50.

Our preference: the downside prevails as long as 229.50 is resistance.

Alternative scenario: above 229.50, look for 238.80 and 244.30.

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 stands below its 20 and 50 period moving average (respectively at 223.70 and 226.20).

Supports and resistances:

244.30 **

238.80 *

229.50 **

225.80

221.39 last

206.90

201.50 **

Disclaimer

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