Litecoin / Dollar may rise to 85.8 - 87.0

Our pivot point stands at 81.7.

Our preference

Rebound.

Alternative scenario

Below 81.7, expect 79.7 and 78.5.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (83.2) but below its 50 period moving average (83.4).

Supports and resistances

89.4 **

88.2 *

87.0 **

85.8

83.3 last

82.5

81.7 **

79.7 *

78.5 **

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