Litecoin / Dollar may rise to 75.4 - 76.1

Our pivot point is at 73.2.

Our preference

Rebound towards 76.1.

Alternative scenario

Below 73.2, expect 72.0 and 71.4.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 74.2 and 74.6).

Supports and resistances

77.4 **

76.8 *

76.1 **

75.4

74.1 last

73.6

73.2 **

72.0 *

71.4 **

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