There is potential for weakness in the cryptocurrency Litecoin today.

[Ben Graham]

[Litecoin]

With the appearance of a Hidden Bearish Divergence on the RSI(14), which is also at a Neutral-Bearish level, and both EMAs still in a Golden Cross, it indicates that today there is potential for weakening that will occur to Litecoin in the near future

Key Levels

1. Resistance. 2 : 88.69

2. Resistance. 1 : 86.12

3. Pivot : 84.15

4. Support. 1 : 81.58

5. Support. 2 : 79.61

Tactical Scenario:

Pressure Zone: If Litecoin breaks down below 81.58, it may test the level at 79.61.

Momentum Extension Bias: If 79.61 is broken, there is potential to test down to 77.04.

Invalidation Level / Bias Revision:

The downside bias is restrained if the price of Litecoin strengthens and breaks out to close above 88.69.

Technical Summary:

EMA(50) : 84.11

EMA(200): 83.40

RSI(14) : 41.11 + Hidden Bearish Divergent

Economic News Release Agenda:

Tonight from the United States, the following economic data will be released:

US - Prelim UoM Consumer Sentiment - 22:00 WIB

US - Prelim UoM Inflation Expectations - 22:00 WIB

US - Personal Income m/m - 22:00 WIB

US - Personal Spending m/m - 22:00 WIB

US - Consumer Credit m/m - 03:00 WIB

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