Litecoin / Dollar may rise to 71.6 - 72.2

69.0 is our pivot point.

Our preference

As long as 69 is support look for 72.2.

Alternative scenario

Below 69.0, expect 67.8 and 67.2.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (70) but above its 50 period moving average (69.4).

Supports and resistances

73.6 **

72.9 *

72.2 **

71.6

70.0 last

69.4

69.0 **

67.8 *

67.2 **

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