Litecoin / Dollar may rise to 66.7 - 67.3

Our pivot point stands at 64.5.

Our preference

The upside prevails as long as 64.5 is support.

Alternative scenario

The downside breakout of 64.5 would call for 63.5 and 62.9.

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 65 and 65).

Supports and resistances

68.5 **

67.9 *

67.3 **

66.7

65.5 last

64.9

64.5 **

63.5 *

62.9 **

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