Litecoin / Dollar may rise to 59.7 - 60.4

Our pivot point is at 57.5.

Our preference

As long as 57.5 is support look for 60.4.

Alternative scenario

The downside breakout of 57.5 would call for 56.3 and 55.7.

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 above its 20 and 50 period moving average (respectively at 57.9 and 55.9).

Supports and resistances

61.7 **

61.1 *

60.4 **

59.7

58.4 last

57.9

57.5 **

56.3 *

55.7 **

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