Litecoin / Dollar may rise to 70.5 - 71.2

Our pivot point stands at 68.1.

Our preference

Rebound towards 71.2.

Alternative scenario

Below 68.1, expect 67.0 and 66.3.

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 under both its 20 and 50 period moving average (respectively at 69.2 and 69.7).

Supports and resistances

72.5 **

71.8 *

71.2 **

70.5

69.1 last

68.5

68.1 **

67.0 *

66.3 **

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