Litecoin / Dollar may rise to 66.3 - 67.2

Our pivot point is at 63.2.

Our preference

As long as 63.2 is support look for 67.2.

Alternative scenario

The downside breakout of 63.2 would call for 61.7 and 60.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 64.3 and 64).

Supports and resistances

69.0 **

68.1 *

67.2 **

66.3

64.4 last

63.8

63.2 **

61.7 *

60.8 **

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