Litecoin / Dollar may rise to 75.0 - 75.8

Our pivot point stands at 72.0.

Our preference

As long as 72 is support look for 75.8.

Alternative scenario

Below 72.0, expect 70.6 and 69.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 73.3 and 72.2).

Supports and resistances

77.5 **

76.6 *

75.8 **

75.0

73.3 last

72.6

72.0 **

70.6 *

69.8 **

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