Litecoin / Dollar may rise to 68.2 - 69.1

Our pivot point stands at 65.0.

Our preference

As long as 65 is support look for 69.1.

Alternative scenario

The downside breakout of 65 would call for 63.5 and 62.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 66.1 and 65.2).

Supports and resistances

71.0 **

70.1 *

69.1 **

68.2

66.3 last

65.6

65.0 **

63.5 *

62.5 **

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