Litecoin / Dollar may rise to 60.4 - 61.0

57.8 is our pivot point.

Our preference

The upside prevails as long as 57.8 is support.

Alternative scenario

Below 57.8, expect 56.7 and 56.0.

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 58.1 and 57.7).

Supports and resistances

62.4 **

61.7 *

61.0 **

60.4

58.7 last

58.2

57.8 **

56.7 *

56.0 **

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