Litecoin / Dollar may rise to 85.9 - 87.0

Our pivot point is at 82.4.

Our preference

As long as 82.4 is support look for 87.

Alternative scenario

Below 82.4, expect 80.6 and 79.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 83.6 and 82.8).

Supports and resistances

89.1 **

88.1 *

87.0 **

85.9

83.8 last

83.1

82.4 **

80.6 *

79.5 **

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