Litecoin / Dollar may rise to 70.9 - 71.5

Our pivot point is at 68.2.

Our preference

The upside prevails as long as 68.2 is support.

Alternative scenario

The downside breakout of 68.2 would call for 67.1 and 66.5.

Comment

The RSI is above 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 67.8 and 67.3).

Supports and resistances

72.8 **

72.1 *

71.5 **

70.9

69.6 last

68.6

68.2 **

67.1 *

66.5 **

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