Litecoin / Dollar may rise to 85.5 - 86.7

Our pivot point stands at 81.5.

Our preference

The upside prevails as long as 81.5 is support.

Alternative scenario

The downside breakout of 81.5 would call for 79.5 and 78.3.

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 above its 20 and 50 period moving average (respectively at 82.9 and 82.9).

Supports and resistances

89.1 **

87.9 *

86.7 **

85.5

83.1 last

82.3

81.5 **

79.5 *

78.3 **

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