Litecoin / Dollar may rise to 63.4 - 64.2

Our pivot point is at 60.2.

Our preference

Our next up target stands at 64.2.

Alternative scenario

Below 60.2, expect 58.8 and 58.0.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 61.2 and 61.1).

Supports and resistances

65.9 **

65.1 *

64.2 **

63.4

61.5 last

60.8

60.2 **

58.8 *

58.0 **

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