Litecoin / Dollar may rise to 68.6 - 69.6

Our pivot point is at 65.4.

Our preference

Rebound.

Alternative scenario

Below 65.4, expect 63.9 and 62.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (66.4) but under its 50 period moving average (66.8).

Supports and resistances

71.5 **

70.5 *

69.6 **

68.6

66.7 last

66.1

65.4 **

63.9 *

62.9 **

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