Litecoin / Dollar may rise to 58.9 - 59.6

Our pivot point stands at 56.7.

Our preference

Our next up target stands at 59.6.

Alternative scenario

Below 56.7, expect 55.6 and 54.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 56.5 and 57.6).

Supports and resistances

60.9 **

60.2 *

59.6 **

58.9

57.6 last

57.1

56.7 **

55.6 *

54.9 **

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