Litecoin / Dollar may rise to 87.4 - 88.5

Our pivot point stands at 83.8.

Our preference

As long as 83.8 is support look for 88.5.

Alternative scenario

The downside breakout of 83.8 would call for 82 and 80.9.

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 85 and 84.7).

Supports and resistances

90.7 **

89.6 *

88.5 **

87.4

85.2 last

84.5

83.8 **

82.0 *

80.9 **

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