Litecoin / Dollar may rise to 73.5 - 74.4

Our pivot point stands at 70.7.

Our preference

The upside prevails as long as 70.7 is support.

Alternative scenario

Below 70.7, expect 69.4 and 68.6.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 71.7 and 71.8).

Supports and resistances

76.0 **

75.2 *

74.4 **

73.5

71.9 last

71.3

70.7 **

69.4 *

68.6 **

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