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