Litecoin / Dollar may rise to 75.3 - 75.9

Our pivot point is at 73.0.

Our preference

Rebound towards 75.9.

Alternative scenario

The downside breakout of 73 would call for 71.8 and 71.2.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 74 and 74.4).

Supports and resistances

77.3 **

76.6 *

75.9 **

75.3

73.9 last

73.4

73.0 **

71.8 *

71.2 **

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