Litecoin / Dollar may rise to 66.0 - 66.6

Our pivot point stands at 64.0.

Our preference

As long as 64 is support look for 66.6.

Alternative scenario

The downside breakout of 64 would call for 63.1 and 62.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (65.1) but above its 50 period moving average (64.2).

Supports and resistances

67.7 **

67.1 *

66.6 **

66.0

64.8 last

64.4

64.0 **

63.1 *

62.5 **

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