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[Litecoin]
Given all technical conditions which shows the strengthening of Litecoin, then Today Litecoin has the potential today to move toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 60.08
2. Resistance. 1 : 57.63
3. Pivot : 56.00
4. Support. 1 : 53.55
5. Support. 2 : 51.92
Tactical Scenario
Positive Reaction Zone: If Litecoin rises and breaks above 56.00, there is a possibility of a move toward 57.63.
Momentum Extension Bias: If 57.63 is broken, there is a chance Litecoin will reach 60.08.
Invalidation Level / Bias Revision
The upside bias weakens if Litecoin falls below 51.92.
Technical Summary
EMA(50) : 55.65
EMA(200): 54.50
RSI(14) : 57.51
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Core PPI m/m - 20:30 WIB
US - PPI m/m - 20:30 WIB
US - Chicago PMI - 21:45 WIB
US - Construction Spending m/m - 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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