Litecoin / Dollar may rise to 70.8 - 71.4

Our pivot point stands at 68.1.

Our preference

Our next up target stands at 71.4.

Alternative scenario

The downside breakout of 68.1 would call for 67 and 66.3.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 68.9 and 69.2).

Supports and resistances

72.8 **

72.1 *

71.4 **

70.8

69.4 last

68.5

68.1 **

67.0 *

66.3 **

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