Litecoin / Dollar may rise to 109.3 - 119.7

75.0 is our pivot point.

Our preference

The upside prevails as long as 75 is support.

Alternative scenario

Below 75.0, expect 57.7 and 47.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82.3 and 85.9). Finally, the Litecoin / Dollar has crossed above its upper Bollinger band (87.4).

Supports and resistances

140.3 **

130.0 *

119.7 **

109.3

88.7 last

81.8

75.0 **

57.7 *

47.4 **

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