Litecoin / Dollar may rise to 70.1 - 70.8

Our pivot point is at 67.1.

Our preference

As long as 67.1 is support look for 70.8.

Alternative scenario

Below 67.1, expect 65.8 and 65.1.

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 68.4 and 67.6).

Supports and resistances

72.4 **

71.6 *

70.8 **

70.1

68.4 last

67.7

67.1 **

65.8 *

65.1 **

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