Litecoin / Dollar may rise to 74.2 - 74.8

Our pivot point is at 71.8.

Our preference

As long as 71.8 is support look for 74.8.

Alternative scenario

The downside breakout of 71.8 would call for 70.7 and 70.1.

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 trading above both its 20 and 50 period moving average (respectively at 72.6 and 71.6).

Supports and resistances

76.1 **

75.5 *

74.8 **

74.2

72.9 last

72.3

71.8 **

70.7 *

70.1 **

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