Litecoin / Dollar may rise to 73.3 - 74.1

Our pivot point stands at 70.3.

Our preference

As long as 70.3 is support look for 74.1.

Alternative scenario

The downside breakout of 70.3 would call for 68.9 and 68.1.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (71.7) but above its 50 period moving average (71.5).

Supports and resistances

75.7 **

74.9 *

74.1 **

73.3

71.6 last

70.8

70.3 **

68.9 *

68.1 **

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