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LITECOIN
With both condition of EMAs forming a Death Cross, then Litecoin is likely to attempt to test its nearest support level today.
Key Levels
1. Resistance. 2 : 60.32
2. Resistance. 1 : 58.99
3. Pivot : 55.63
4. Support. 1 : 53.60
5. Support. 2 : 52.27
Tactical Scenario
Pressure Zone: If Litecoin breaks down below 53.60, there is potential for continued pressure toward 52.27.
Momentum Extension Bias: If 52.27 is broken, the weakening may continue to 50.24.
Invalidation Level / Bias Revision
The downside bias is restrained if Litecoin strengthens and breaks above 60.32.
Technical Summary
EMA(50) : 55.51
EMA(200): 55.64
RSI(14) : 52.41
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Advance GDP q/q - 19:30 WIB
US - Core PCE Price Index m/m - 19:30 WIB
US - Employment Cost Index q/q - 19:30 WIB
US - Advance GDP Price Index q/q - 19:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Personal Income m/m - 19:30 WIB
US - Personal Spending m/m - 19:30 WIB
US - Chicago PM - 20:45 WIB
US - CB Leading Index m/m - 21:00 WIB
US - Natural Gas Storage - 21:30 WIB
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