Litecoin / Dollar may rise to 60.4 - 61.0

Our pivot point stands at 58.0.

Our preference

The upside prevails as long as 58 is support.

Alternative scenario

Below 58.0, expect 56.9 and 56.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 58.6 and 58.3).

Supports and resistances

62.4 **

61.7 *

61.0 **

60.4

59.0 last

58.5

58.0 **

56.9 *

56.2 **

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