Litecoin / Dollar may rise to 87.3 - 88.7

Our pivot point is at 82.6.

Our preference

Our next up target stands at 88.7.

Alternative scenario

The downside breakout of 82.6 would call for 80.2 and 78.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84 and 84.4). Finally, the Litecoin / Dollar has crossed above its upper Bollinger band (84.4).

Supports and resistances

91.6 **

90.1 *

88.7 **

87.3

84.5 last

83.5

82.6 **

80.2 *

78.8 **

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