Litecoin / Dollar may rise to 72.4 - 73.0

70.0 is our pivot point.

Our preference

The upside prevails as long as 70 is support.

Alternative scenario

The downside breakout of 70 would call for 68.9 and 68.3.

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 69.2 and 67.9).

Supports and resistances

74.3 **

73.7 *

73.0 **

72.4

71.1 last

70.4

70.0 **

68.9 *

68.3 **

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