Litecoin / Dollar may rise to 73.8 - 74.4

Our pivot point stands at 71.3.

Our preference

The upside prevails as long as 71.3 is support.

Alternative scenario

Below 71.3, expect 70.2 and 69.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 71.7 and 71).

Supports and resistances

75.7 **

75.1 *

74.4 **

73.8

72.5 last

71.8

71.3 **

70.2 *

69.6 **

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