Litecoin / Dollar may rise to 72.6 - 73.2

Our pivot point stands at 70.3.

Our preference

As long as 70.3 is support look for 73.2.

Alternative scenario

Below 70.3, expect 69.2 and 68.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (71.3) but above its 50 period moving average (69.1).

Supports and resistances

74.5 **

73.9 *

73.2 **

72.6

71.3 last

70.7

70.3 **

69.2 *

68.6 **

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