Litecoin / Dollar may rise to 74.6 - 75.2

Our pivot point stands at 72.2.

Our preference

As long as 72.2 is support look for 75.2.

Alternative scenario

Below 72.2, expect 71.0 and 70.4.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 73 and 72).

Supports and resistances

76.6 **

75.9 *

75.2 **

74.6

73.1 last

72.6

72.2 **

71.0 *

70.4 **

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