Litecoin / Dollar may rise to 76.0 - 82.1

Our pivot point stands at 54.9.

Our preference

Rebound towards 82.1.

Alternative scenario

The downside breakout of 54.9 would call for 44.7 and 38.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64 and 66.9).

Supports and resistances

94.4 **

88.3 *

82.1 **

76.0

63.0 last

58.9

54.9 **

44.7 *

38.7 **

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