Litecoin / Dollar may rise to 71.3 - 72.0

Our pivot point stands at 69.0.

Our preference

Rebound towards 72.0.

Alternative scenario

The downside breakout of 69 would call for 67.8 and 67.1.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (69.8) but under its 50 period moving average (70.3).

Supports and resistances

73.4 **

72.7 *

72.0 **

71.3

69.9 last

69.4

69.0 **

67.8 *

67.1 **

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