Litecoin / Dollar may rise to 70.9 - 71.6

Our pivot point stands at 68.5.

Our preference

Rebound towards 71.6.

Alternative scenario

The downside breakout of 68.5 would call for 67.4 and 66.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (69.4) but below its 50 period moving average (69.9).

Supports and resistances

73.0 **

72.3 *

71.6 **

70.9

69.4 last

69.0

68.5 **

67.4 *

66.7 **

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