Litecoin / Dollar may rise to 66.1 - 67.0

Our pivot point stands at 63.1.

Our preference

The upside prevails as long as 63.1 is support.

Alternative scenario

The downside breakout of 63.1 would call for 61.6 and 60.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63.6 and 63.6).

Supports and resistances

68.8 **

67.9 *

67.0 **

66.1

64.3 last

63.7

63.1 **

61.6 *

60.7 **

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