Litecoin / Dollar may rise to 74.9 - 75.7

Our pivot point is at 72.0.

Our preference

The upside prevails as long as 72 is support.

Alternative scenario

The downside breakout of 72 would call for 70.6 and 69.8.

Comment

The RSI is above 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 72.6 and 72.3).

Supports and resistances

77.4 **

76.5 *

75.7 **

74.9

73.2 last

72.5

72.0 **

70.6 *

69.8 **

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