Litecoin / Dollar may rise to 88.5 - 89.9

Our pivot point stands at 83.5.

Our preference

The upside prevails as long as 83.5 is support.

Alternative scenario

Below 83.5, expect 81.1 and 79.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 85.2 and 85.1).

Supports and resistances

92.8 **

91.3 *

89.9 **

88.5

85.4 last

84.4

83.5 **

81.1 *

79.6 **

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