Litecoin / Dollar may rise to 64.0 - 64.8

61.0 is our pivot point.

Our preference

The upside prevails as long as 61 is support.

Alternative scenario

The downside breakout of 61 would call for 59.5 and 58.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61.9 and 61.3).

Supports and resistances

66.6 **

65.7 *

64.8 **

64.0

62.1 last

61.5

61.0 **

59.5 *

58.6 **

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