Litecoin / Dollar may rise to 88.5 - 89.9

Our pivot point stands at 83.6.

Our preference

As long as 83.6 is support look for 89.9.

Alternative scenario

The downside breakout of 83.6 would call for 81.2 and 79.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 85.3 and 84.7).

Supports and resistances

92.8 **

91.4 *

89.9 **

88.5

85.5 last

84.6

83.6 **

81.2 *

79.8 **

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