REDATOR Ben Graham Posted February 13 REDATOR Report Share Posted February 13 [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 Levels1. Resistance. 2 : 54.702. Resistance. 1 : 53.473. Pivot : 52.494. Support. 1 : 51.265. Support. 2 : 50.28Tactical ScenarioPressure 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 RevisionDownside bias is restrained if Litecoin weakens and breaks down below 54.70. Technical SummaryEMA(50) : 52.72EMA(200): 53.20RSI(14) : 53.15 + Bearish DivergentEconomic News Release Agenda:Tonight the United States will release the following economic data:US - Core CPI m/m - 20:30 WIBUS - CPI m/m - 20:30 WIBUS - CPI y/y - 20:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_b98897a1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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