Litecoin / Dollar may rise to 65.6 - 66.5

Our pivot point stands at 62.5.

Our preference

As long as 62.5 is support look for 66.5.

Alternative scenario

The downside breakout of 62.5 would call for 61 and 60.1.

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 63.6 and 62.8).

Supports and resistances

68.3 **

67.4 *

66.5 **

65.6

63.8 last

63.1

62.5 **

61.0 *

60.1 **

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