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