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[Litecoin]
Although RSI(14) is in Neutral-Bullish, but with both EMAs which still form a Death Cross, indicating that sellers remain quite dominant in Litecoin.
Key Levels
1. Resistance. 2 : 83.42
2. Resistance. 1 : 82.33
3. Pivot : 81.11
4. Support. 1 : 80.02
5. Support. 2 : 78.80
Tactical Scenario
Pressure Zone: If the price breaks down below 80.02, there is potential pressure toward 78.80.
Momentum Extension Bias: If 78.80 is broken, Litecoin could test 77.71.
Invalidation Level / Bias Revision
The downside bias is restrained if Litecoin strengthens until it breaks and closes above 83.42.
Technical Summary
EMA(50) : 81.28
EMA(200): 81.80
RSI(14) : 51.01
Economic News Release Agenda:
Tonight, when the U.S. session opens, the following economic data will be released:
US - Average Hourly Earnings m/m - 20:30 WIB
US - Non-Farm Employment Change - 20:30 WIB
US - Unemployment Rate - 20:30 WIB
US - Building Permits - 20:30 WIB
US - Housing Starts - 20:30 WIB
US - Prelim UoM Consumer Sentiment - 22:00 WIB
US - Prelim UoM Inflation Expectations - 22:00 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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