Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
LITECOIN
If we look at both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish level, then Today Litecoin has the potential to continue its weakening toward the nearest support level.
Key Levels
1. Resistance. 2 : 53.77
2. Resistance. 1 : 53.23
3. Pivot : 52.57
4. Support. 1 : 52.03
5. Support. 2 : 51.37
Tactical Scenario
Pressure Zone: If 52.57 is broken down, there is potential for continued weakness toward 52.03.
Momentum Extension Bias: If 52.03 is also breached, Litecoin could continue weakening to test 50.83.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 53.77.
Technical Summary
EMA(50) : 52.74
EMA(200): 53.14
RSI(14) : 39.39
Economic News Release Agenda:
From the United States the following economic data will be released:
US - HPI m/m - 20:00 WIB
US - S&P/CS Composite-20 HPI y/y - 20:00 WIB
US - CB Consumer Confidence - 20:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
