Litecoin / Dollar may rise to 74.9 - 75.7

72.1 is our pivot point.

Our preference

As long as 72.1 is support look for 75.7.

Alternative scenario

Below 72.1, expect 70.7 and 69.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (73.2) but above its 50 period moving average (72.6).

Supports and resistances

77.4 **

76.6 *

75.7 **

74.9

73.2 last

72.6

72.1 **

70.7 *

69.8 **

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