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[Litecoin]
With the appearance of a Hidden Bearish Divergence on the RSI(14), which is also at a Neutral-Bearish level, and both EMAs still in a Golden Cross, it indicates that today there is potential for weakening that will occur to Litecoin in the near future
Key Levels
1. Resistance. 2 : 88.69
2. Resistance. 1 : 86.12
3. Pivot : 84.15
4. Support. 1 : 81.58
5. Support. 2 : 79.61
Tactical Scenario:
Pressure Zone: If Litecoin breaks down below 81.58, it may test the level at 79.61.
Momentum Extension Bias: If 79.61 is broken, there is potential to test down to 77.04.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of Litecoin strengthens and breaks out to close above 88.69.
Technical Summary:
EMA(50) : 84.11
EMA(200): 83.40
RSI(14) : 41.11 + Hidden Bearish Divergent
Economic News Release Agenda:
Tonight from the United States, the following economic data will be released:
US - Prelim UoM Consumer Sentiment - 22:00 WIB
US - Prelim UoM Inflation Expectations - 22:00 WIB
US - Personal Income m/m - 22:00 WIB
US - Personal Spending m/m - 22:00 WIB
US - Consumer Credit m/m - 03:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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