Litecoin / Dollar may rise to 65.8 - 66.7

Our pivot point stands at 62.9.

Our preference

As long as 62.9 is support look for 66.7.

Alternative scenario

The downside breakout of 62.9 would call for 61.4 and 60.5.

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 trading under its 20 period moving average (64.1) but above its 50 period moving average (63.8).

Supports and resistances

68.5 **

67.6 *

66.7 **

65.8

64.1 last

63.5

62.9 **

61.4 *

60.5 **

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