Litecoin / Dollar may rise to 60.0 - 60.7

Our pivot point is at 57.8.

Our preference

As long as 57.8 is support look for 60.7.

Alternative scenario

Below 57.8, expect 56.6 and 56.0.

Comment

The RSI is above its neutrality area at 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 58.6 and 58.2).

Supports and resistances

62.0 **

61.3 *

60.7 **

60.0

58.7 last

58.2

57.8 **

56.6 *

56.0 **

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