Litecoin / Dollar may rise to 86.9 - 88.1

Our pivot point stands at 82.8.

Our preference

As long as 82.8 is support look for 88.1.

Alternative scenario

Below 82.8, expect 80.8 and 79.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (84.6) but above its 50 period moving average (83.9).

Supports and resistances

90.5 **

89.3 *

88.1 **

86.9

84.5 last

83.6

82.8 **

80.8 *

79.5 **

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