Litecoin / Dollar may rise to 73.0 - 73.9

69.8 is our pivot point.

Our preference

The upside prevails as long as 69.8 is support.

Alternative scenario

Below 69.8, expect 68.4 and 67.6.

Comment

The RSI is above 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 70.5 and 70.4).

Supports and resistances

75.5 **

74.7 *

73.9 **

73.0

71.2 last

70.3

69.8 **

68.4 *

67.6 **

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