Litecoin / Dollar may rise to 72.7 - 73.4

Our pivot point stands at 70.3.

Our preference

As long as 70.3 is support look for 73.4.

Alternative scenario

Below 70.3, expect 69.1 and 68.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 71 and 70.5). Finally, the Litecoin / Dollar is trading above its upper Bollinger band (standing at 71.3).

Supports and resistances

74.8 **

74.1 *

73.4 **

72.7

71.3 last

70.8

70.3 **

69.1 *

68.5 **

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