Litecoin / Dollar may rise to 87.6 - 88.7

83.9 is our pivot point.

Our preference

The upside prevails as long as 83.9 is support.

Alternative scenario

The downside breakout of 83.9 would call for 82.1 and 81.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 84.8 and 84.3).

Supports and resistances

90.9 **

89.8 *

88.7 **

87.6

85.4 last

84.7

83.9 **

82.1 *

81.0 **

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