Litecoin / Dollar may rise to 86.1 - 87.2

Our pivot point stands at 82.6.

Our preference

As long as 82.6 is support look for 87.2.

Alternative scenario

The downside breakout of 82.6 would call for 80.8 and 79.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 83.8 and 83).

Supports and resistances

89.4 **

88.3 *

87.2 **

86.1

84.0 last

83.3

82.6 **

80.8 *

79.7 **

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