Litecoin / Dollar may rise to 69.6 - 70.2

Our pivot point stands at 67.3.

Our preference

Rebound towards 70.2.

Alternative scenario

Below 67.3, expect 66.3 and 65.7.

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 68.5 and 70).

Supports and resistances

71.4 **

70.8 *

70.2 **

69.6

68.1 last

67.7

67.3 **

66.3 *

65.7 **

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