Litecoin / Dollar may rise to 72.2 - 72.8

70.0 is our pivot point.

Our preference

Rebound towards 72.8.

Alternative scenario

The downside breakout of 70 would call for 68.9 and 68.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (70.8) but under its 50 period moving average (71.9).

Supports and resistances

74.1 **

73.4 *

72.8 **

72.2

70.8 last

70.4

70.0 **

68.9 *

68.3 **

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