Litecoin / Dollar may rise to 60.6 - 61.3

57.2 is our pivot point.

Our preference

As long as 57.2 is support look for 61.3.

Alternative scenario

Below 57.2, expect 56.1 and 55.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 58.2 and 57.4). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 58.6).

Supports and resistances

62.6 **

62.0 *

61.3 **

60.6

58.7 last

57.6

57.2 **

56.1 *

55.4 **

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