Litecoin / Dollar may rise to 75.8 - 76.5

73.4 is our pivot point.

Our preference

The upside prevails as long as 73.4 is support.

Alternative scenario

The downside breakout of 73.4 would call for 72.3 and 71.6.

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 72.9 and 71.8).

Supports and resistances

77.9 **

77.2 *

76.5 **

75.8

74.3 last

73.8

73.4 **

72.3 *

71.6 **

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