Litecoin / Dollar may rise to 65.7 - 66.5

Our pivot point stands at 62.4.

Our preference

Our next up target stands at 66.5.

Alternative scenario

The downside breakout of 62.4 would call for 60.9 and 60.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62.9 and 63.6). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 63.7).

Supports and resistances

68.3 **

67.4 *

66.5 **

65.7

63.9 last

63.0

62.4 **

60.9 *

60.0 **

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