Litecoin / Dollar may rise to 77.1 - 77.8

Our pivot point is at 74.8.

Our preference

The upside prevails as long as 74.8 is support.

Alternative scenario

Below 74.8, expect 73.7 and 73.0.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 74.9 and 75).

Supports and resistances

79.2 **

78.5 *

77.8 **

77.1

75.8 last

75.3

74.8 **

73.7 *

73.0 **

Number of asterisks represents the strength of support and resistance levels.