Litecoin / Dollar may rise to 61.3 - 62.0

Our pivot point is at 59.0.

Our preference

The upside prevails as long as 59 is support.

Alternative scenario

Below 59.0, expect 57.8 and 57.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59.2 and 58.1).

Supports and resistances

63.4 **

62.7 *

62.0 **

61.3

59.9 last

59.4

59.0 **

57.8 *

57.1 **

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