Litecoin / Dollar may rise to 69.0 - 69.8

Our pivot point stands at 66.4.

Our preference

The upside prevails as long as 66.4 is support.

Alternative scenario

The downside breakout of 66.4 would call for 65.1 and 64.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67 and 66.6).

Supports and resistances

71.4 **

70.6 *

69.8 **

69.0

67.5 last

67.0

66.4 **

65.1 *

64.4 **

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