Litecoin / Dollar may rise to 62.2 - 62.9

Our pivot point is at 59.9.

Our preference

As long as 59.9 is support look for 62.9.

Alternative scenario

The downside breakout of 59.9 would call for 58.7 and 58.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60.7 and 59.5).

Supports and resistances

64.2 **

63.6 *

62.9 **

62.2

60.8 last

60.3

59.9 **

58.7 *

58.0 **

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