Litecoin / Dollar may rise to 68.8 - 69.7

Our pivot point stands at 65.5.

Our preference

The upside prevails as long as 65.5 is support.

Alternative scenario

The downside breakout of 65.5 would call for 63.9 and 63.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66.7 and 66.6).

Supports and resistances

71.6 **

70.6 *

69.7 **

68.8

66.8 last

66.1

65.5 **

63.9 *

63.0 **

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