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[Litecoin]
With both EMAs showing weakness and the confirmation of a Bearish Divergence appearance on the RSI(14) indicator, then the probability of Litecoin cryptocurrency to weaken today is quite high.
Key Levels
1. Resistance. 2 : 54.70
2. Resistance. 1 : 53.47
3. Pivot : 52.49
4. Support. 1 : 51.26
5. Support. 2 : 50.28
Tactical Scenario
Pressure Zone: If the price breaks down below 51.26, there is potential pressure toward 50.28.
Momentum Extension Bias: If 50.28 is broken to the downside, there is a chance that the weakening will continue to 49.05.
Invalidation Level / Bias Revision
Downside bias is restrained if Litecoin weakens and breaks down below 54.70.
Technical Summary
EMA(50) : 52.72
EMA(200): 53.20
RSI(14) : 53.15 + Bearish Divergent
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Core CPI m/m - 20:30 WIB
US - CPI m/m - 20:30 WIB
US - CPI y/y - 20:30 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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