Litecoin / Dollar may rise to 76.5 - 77.1

Our pivot point stands at 74.3.

Our preference

The upside prevails as long as 74.3 is support.

Alternative scenario

The downside breakout of 74.3 would call for 73.2 and 72.6.

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 above its 20 and 50 period moving average (respectively at 75.1 and 74.8).

Supports and resistances

78.4 **

77.8 *

77.1 **

76.5

75.2 last

74.7

74.3 **

73.2 *

72.6 **

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