Litecoin / Dollar intraday: the RSI is oversold

Trading Central 2021-02-22 22:20:32

Our pivot point stands at 210.80.

Our preference: the downside prevails as long as 210.80 is resistance.

Alternative scenario: the upside breakout of 210.80, would call for 219.40 and 224.50.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 213.90 and 221.80). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (199.06).

Supports and resistances:

224.50 **

219.40 *

210.80 **


197.84 last


182.70 **

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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