112.1 is our pivot point.
Our preference: under pressure below 112.1.
Alternative scenario: above 112.1, look for 114.7 and 116.2.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.5 and 109.6). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (109.5).
Supports and resistances:
116.2 **
114.7 *
112.1 **
111.1
108.9 last
105.7
104.2 **
102.7 *
101.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 15:01 UTC+1
Price reference: 108.9 last known on 09-02-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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