Litecoin / Dollar may rise to 63.6 - 64.4

Our pivot point is at 60.6.

Our preference

As long as 60.6 is support look for 64.4.

Alternative scenario

The downside breakout of 60.6 would call for 59.2 and 58.3.

Comment

The RSI is above 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 61.6 and 61.2).

Supports and resistances

66.1 **

65.3 *

64.4 **

63.6

61.8 last

61.2

60.6 **

59.2 *

58.3 **

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