Litecoin / Dollar may rise to 59.5 - 60.2

Our pivot point is at 57.2.

Our preference

The upside prevails as long as 57.2 is support.

Alternative scenario

Below 57.2, expect 56.1 and 55.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57.6 and 57.5).

Supports and resistances

61.5 **

60.8 *

60.2 **

59.5

58.1 last

57.6

57.2 **

56.1 *

55.4 **

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