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29.08.2025 07:34 AM
Litecoin will attempt to test its nearest support level today. Friday, August 29, 2025.

[Litecoin] – [Friday, August 29, 2025]

Litecoin has the potential to weaken today because the two EMAs have crossed, even though The RSI remains at the Neutral Bullish level.

Key Levels

1. Resistance 2: 115.87.

2. Resistance 1: 114.04.

3. Pivot: 112.70.

4. Support 1: 110.87.

5. Support 2: 109.53.

Tactical Scenario

Pressure Risk Zone: If Litecoin breaks through and closes below 112.70, it could potentially continue its decline to 110.87.

Momentum Extension Bias: If 110.87 is successfully broken through and closes below it, Litecoin could potentially continue its decline to 109.53.

Invalidation Level / Bias Revision

Downside bias is maintained if Litecoin's price strengthens again and breaks through and closes above 115.87.

Technical Summary

EMA(50): 113.09.

EMA(200): 113.73.

RSI(14): 54.49.

Economic News Release Agenda:

Tonight, there will be economic data releases from the United States, including:

US - Core PCE Price Index m/m - 19:30 WIB

US - Goods Trade Balance - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Prelim Wholesale Inventories m/m - 19:30 WIB

US - Chicago PMI - 20:45 WIB

US - Revised UoM Consumer Sentiment - 21:00 WIB

US - Revised UoM Inflation Expectations - 21:00 WIB

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