Litecoin / Dollar may rise to 65.3 - 66.2

Our pivot point is at 62.1.

Our preference

The upside prevails as long as 62.1 is support.

Alternative scenario

The downside breakout of 62.1 would call for 60.6 and 59.7.

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 above its 20 and 50 period moving average (respectively at 62.5 and 62).

Supports and resistances

68.0 **

67.1 *

66.2 **

65.3

63.3 last

62.7

62.1 **

60.6 *

59.7 **

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