Litecoin / Dollar may rise to 84.0 - 85.1

Our pivot point stands at 80.4.

Our preference

Rebound towards 85.1.

Alternative scenario

Below 80.4, expect 78.7 and 77.6.

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 above its 20 period moving average (81.9) but under its 50 period moving average (82.6).

Supports and resistances

87.2 **

86.1 *

85.1 **

84.0

81.9 last

81.1

80.4 **

78.7 *

77.6 **

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