Litecoin / Dollar may rise to 72.8 - 73.6

Our pivot point stands at 70.0.

Our preference

As long as 70 is support look for 73.6.

Alternative scenario

The downside breakout of 70 would call for 68.6 and 67.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70.9 and 69.6).

Supports and resistances

75.2 **

74.4 *

73.6 **

72.8

71.2 last

70.5

70.0 **

68.6 *

67.8 **

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