Litecoin / Dollar may rise to 70.4 - 71.2

Our pivot point stands at 67.8.

Our preference

Rebound.

Alternative scenario

Below 67.8, expect 66.5 and 65.7.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (68.5) but under its 50 period moving average (69.1).

Supports and resistances

72.8 **

72.0 *

71.2 **

70.4

68.9 last

68.3

67.8 **

66.5 *

65.7 **

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