Litecoin / Dollar may rise to 73.9 - 74.7

Our pivot point stands at 70.9.

Our preference

Rebound towards 74.7.

Alternative scenario

Below 70.9, expect 69.6 and 68.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 72.5 and 73.3).

Supports and resistances

76.4 **

75.5 *

74.7 **

73.9

72.2 last

71.5

70.9 **

69.6 *

68.7 **

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