Litecoin / Dollar may rise to 73.9 - 74.8

71.0 is our pivot point.

Our preference

Our next up target stands at 74.8.

Alternative scenario

The downside breakout of 71 would call for 69.6 and 68.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 71.8 and 71.8).

Supports and resistances

76.4 **

75.6 *

74.8 **

73.9

72.3 last

71.5

71.0 **

69.6 *

68.8 **

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