[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