Litecoin / Dollar may rise to 68.2 - 68.9

65.4 is our pivot point.

Our preference

As long as 65.4 is support look for 68.9.

Alternative scenario

The downside breakout of 65.4 would call for 64.1 and 63.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66.4 and 65.9).

Supports and resistances

70.5 **

69.7 *

68.9 **

68.2

66.6 last

65.9

65.4 **

64.1 *

63.4 **

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