Litecoin / Dollar may rise to 81.7 - 82.7

78.2 is our pivot point.

Our preference

Rebound towards 82.7.

Alternative scenario

The downside breakout of 78.2 would call for 76.5 and 75.5.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (79.6) but below its 50 period moving average (79.9).

Supports and resistances

84.7 **

83.7 *

82.7 **

81.7

79.6 last

78.9

78.2 **

76.5 *

75.5 **

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