Litecoin / Dollar intraday: target 76.60

Trading Central 2020-11-20 14:27:05

Our pivot point stands at 83.00.

Our preference: target 76.60.

Alternative scenario: the upside breakout of 83, would call for 85.20 and 86.50.

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 pair is below its 20 MA (81.79) but above its 50 MA (79.29).

Supports and resistances:

86.50 **

85.20 *

83.00 **

82.10

81.05 last

77.90

76.60 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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