Litecoin / Dollar may rise to 73.2 - 73.8

Our pivot point is at 70.7.

Our preference

The upside prevails as long as 70.7 is support.

Alternative scenario

Below 70.7, expect 69.6 and 69.0.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 71 and 70.6). Finally, the Litecoin / Dollar has crossed above its upper Bollinger band (71.6).

Supports and resistances

75.1 **

74.5 *

73.8 **

73.2

71.9 last

71.1

70.7 **

69.6 *

69.0 **

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