Litecoin / Dollar may rise to 70.8 - 71.6

Our pivot point stands at 68.0.

Our preference

As long as 68 is support look for 71.6.

Alternative scenario

The downside breakout of 68 would call for 66.7 and 65.9.

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 trading above both its 20 and 50 period moving average (respectively at 68.9 and 68.5).

Supports and resistances

73.2 **

72.4 *

71.6 **

70.8

69.1 last

68.5

68.0 **

66.7 *

65.9 **

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