Litecoin / Dollar may rise to 62.2 - 62.8

Our pivot point is at 59.8.

Our preference

As long as 59.8 is support look for 62.8.

Alternative scenario

Below 59.8, expect 58.6 and 57.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (60.7) but above its 50 period moving average (59.9).

Supports and resistances

64.2 **

63.5 *

62.8 **

62.2

60.7 last

60.2

59.8 **

58.6 *

57.9 **

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