Litecoin / Dollar may rise to 62.0 - 62.7

Our pivot point is at 59.6.

Our preference

The upside prevails as long as 59.6 is support.

Alternative scenario

The downside breakout of 59.6 would call for 58.4 and 57.7.

Comment

The RSI is above its neutrality area at 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 60.5 and 60.4).

Supports and resistances

64.1 **

63.4 *

62.7 **

62.0

60.6 last

60.0

59.6 **

58.4 *

57.7 **

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