Litecoin / Dollar may rise to 73.1 - 73.9

Our pivot point is at 70.3.

Our preference

The upside prevails as long as 70.3 is support.

Alternative scenario

The downside breakout of 70.3 would call for 69 and 68.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 71.4 and 71.3).

Supports and resistances

75.6 **

74.7 *

73.9 **

73.1

71.5 last

70.9

70.3 **

69.0 *

68.2 **

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