Litecoin / Dollar ST: target 87.60

LTCUSD

Trading Central 2021-02-23 15:25:07

Our pivot point is at 256.20.

Our preference: target 87.60.

Alternative scenario: the upside breakout of 256.20, would call for 316.70 and 352.70.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (196.40) but above its 50 period moving average (166.10).

Supports and resistances:

352.70 **

316.70 *

256.20 **

232.40

186.76 last

118.90

87.60 **

Disclaimer

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