Litecoin / Dollar may rise to 73.8 - 74.4

Our pivot point is at 71.4.

Our preference

The upside prevails as long as 71.4 is support.

Alternative scenario

The downside breakout of 71.4 would call for 70.3 and 69.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70.2 and 68.3).

Supports and resistances

75.7 **

75.1 *

74.4 **

73.8

72.5 last

71.8

71.4 **

70.3 *

69.7 **

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