Litecoin / Dollar may rise to 65.5 - 66.4

Our pivot point stands at 62.4.

Our preference

Our next up target stands at 66.4.

Alternative scenario

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

Comment

The RSI is above 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 63.6 and 63.4).

Supports and resistances

68.2 **

67.3 *

66.4 **

65.5

63.7 last

62.9

62.4 **

60.9 *

60.0 **

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