Litecoin / Dollar may rise to 72.3 - 72.9

Our pivot point is at 69.5.

Our preference

Rebound towards 72.9.

Alternative scenario

Below 69.5, expect 68.5 and 67.8.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (70.8) but below its 50 period moving average (71.4).

Supports and resistances

74.2 **

73.5 *

72.9 **

72.3

71.0 last

70.0

69.5 **

68.5 *

67.8 **

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