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Litecoin
Looking at both EMAs condition in a Golden Cross and RSI(14) in the Neutral-Bullish levels, Litecoin seems has the potential today to strengthen toward its nearest resistance.
Key Levels
1. Resistance. 2 : 56.75
2. Resistance. 1 : 56.25
3. Pivot : 55.58
4. Support. 1 : 55.08
5. Support. 2 : 54.41
Tactical Scenario
Positive Reaction Zone: If Litecoin breaks out above 56.25, there is a likelihood of a rise toward 56.75.
Momentum Extension Bias: If 56.75 is breached, Litecoin could extend its gains to 57.42.
Invalidation Level / Bias Revision
The upside bias weakens if Litecoin falls below 54.41.
Technical Summary
EMA(50) : 55.71
EMA(200): 55.54
RSI(14) : 59.05
Economic News Release Agenda:
From the United States only two economic releases are scheduled:
US - Revised UoM Consumer Sentiment - 21:00 WIB
US - Revised UoM Inflation Expectations - 21:00 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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