Litecoin / Dollar may rise to 69.6 - 70.5

Our pivot point stands at 66.2.

Our preference

As long as 66.2 is support look for 70.5.

Alternative scenario

Below 66.2, expect 64.6 and 63.6.

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 67.4 and 66.8).

Supports and resistances

72.4 **

71.5 *

70.5 **

69.6

67.5 last

66.8

66.2 **

64.6 *

63.6 **

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