Litecoin / Dollar may rise to 87.2 - 88.3

Our pivot point stands at 83.6.

Our preference

As long as 83.6 is support look for 88.3.

Alternative scenario

The downside breakout of 83.6 would call for 81.8 and 80.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (85) but above its 50 period moving average (84.5).

Supports and resistances

90.4 **

89.3 *

88.3 **

87.2

85.0 last

84.3

83.6 **

81.8 *

80.7 **

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