[Litecoin]
With all technical indicators condition which showing the strength, then today Litecoin has the potential to test its nearest resistance level.
Key Levels
1. Resistance. 2 : 61.43
2. Resistance. 1 : 60.05
3. Pivot : 57.77
4. Support. 1 : 56.39
5. Support. 2 : 54.11
Tactical Scenario
Positive Reaction Zone: If Litecoin breaks out above 60.05, it is likely to continue upward toward 61.43.
Momentum Extension Bias: If 61.43 is also breached, Litecoin could test 63.71.
Invalidation Level / Bias Revision
The upside bias weakens if Litecoin falls below 54.11.
Technical Summary
EMA(50) : 57.86
EMA(200): 56.16
RSI(14) : 60.55
Economic News Release Agenda:
From the United States the following economic data will be released:
US - ADP Weekly Employment Change - 19:15 WIB
US - Pending Home Sales m/m - 21:00 WIB
US - API Weekly Statistical Bulletin - 03:30 WIB
