Litecoin / Dollar may rise to 86.1 - 87.3

Our pivot point stands at 82.1.

Our preference

As long as 82.1 is support look for 87.3.

Alternative scenario

Below 82.1, expect 80.0 and 78.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (83.7) but above its 50 period moving average (83.6).

Supports and resistances

89.7 **

88.5 *

87.3 **

86.1

83.7 last

82.9

82.1 **

80.0 *

78.8 **

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