Litecoin / Dollar may rise to 64.0 - 64.9

Our pivot point is at 61.1.

Our preference

The upside prevails as long as 61.1 is support.

Alternative scenario

The downside breakout of 61.1 would call for 59.6 and 58.8.

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 62 and 61.6).

Supports and resistances

66.6 **

65.7 *

64.9 **

64.0

62.2 last

61.6

61.1 **

59.6 *

58.8 **

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