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