Litecoin / Dollar may rise to 69.7 - 70.6

66.4 is our pivot point.

Our preference

The upside prevails as long as 66.4 is support.

Alternative scenario

The downside breakout of 66.4 would call for 64.8 and 63.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67.3 and 66.7).

Supports and resistances

72.5 **

71.6 *

70.6 **

69.7

67.6 last

67.0

66.4 **

64.8 *

63.9 **

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