Litecoin / Dollar may rise to 76.5 - 77.1

Our pivot point is at 74.0.

Our preference

As long as 74 is support look for 77.1.

Alternative scenario

The downside breakout of 74 would call for 73 and 72.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (75.1) but above its 50 period moving average (74.7).

Supports and resistances

78.4 **

77.7 *

77.1 **

76.5

75.0 last

74.5

74.0 **

73.0 *

72.3 **

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