Litecoin / Dollar may rise to 83.2 - 87.6

Our pivot point stands at 68.5.

Our preference

Rebound towards 87.6.

Alternative scenario

Below 68.5, expect 61.0 and 56.6.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 74.5 and 79.7).

Supports and resistances

96.5 **

92.0 *

87.6 **

83.2

74.3 last

71.4

68.5 **

61.0 *

56.6 **

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