Our pivot point stands at 80.2.
Our preference: the downside prevails as long as 80.2 is resistance.
Alternative scenario: above 80.2, look for 82.7 and 84.1.
Comment: the RSI is trading below 30. This could mean that either the price 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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.1 and 83.7). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 79.1).
Supports and resistances:
84.1 **
82.7 *
80.2 **
79.2
78.3 last
75.1
73.6 **
72.1 *
70.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 02:06 UTC+1
Price reference: 78.3 last known on 12-01-2025 at 02:06 UTC+1
Investment horizon: INTRADAY
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