Litecoin / Dollar may rise to 72.3 - 72.9

Our pivot point is at 69.7.

Our preference

As long as 69.7 is support look for 72.9.

Alternative scenario

The downside breakout of 69.7 would call for 68.6 and 68.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (71.4) but above its 50 period moving average (69.4).

Supports and resistances

74.2 **

73.6 *

72.9 **

72.3

71.0 last

70.1

69.7 **

68.6 *

68.0 **

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