Litecoin / Dollar may rise to 67.0 - 67.6

Our pivot point stands at 64.9.

Our preference

The upside prevails as long as 64.9 is support.

Alternative scenario

The downside breakout of 64.9 would call for 63.9 and 63.3.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 65.4 and 64.9).

Supports and resistances

68.8 **

68.2 *

67.6 **

67.0

65.8 last

65.3

64.9 **

63.9 *

63.3 **

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