Litecoin / Dollar may rise to 72.0 - 72.6

69.8 is our pivot point.

Our preference

Rebound towards 72.6.

Alternative scenario

The downside breakout of 69.8 would call for 68.8 and 68.1.

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 70.9 and 72.1).

Supports and resistances

73.9 **

73.3 *

72.6 **

72.0

70.7 last

70.2

69.8 **

68.8 *

68.1 **

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