Litecoin / Dollar may rise to 63.6 - 64.1

61.5 is our pivot point.

Our preference

As long as 61.5 is support look for 64.1.

Alternative scenario

The downside breakout of 61.5 would call for 60.6 and 60.1.

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 above its 20 and 50 period moving average (respectively at 61.9 and 60.8).

Supports and resistances

65.2 **

64.6 *

64.1 **

63.6

62.3 last

61.8

61.5 **

60.6 *

60.1 **

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