Litecoin / Dollar may rise to 82.6 - 83.6

Our pivot point is at 79.2.

Our preference

The upside prevails as long as 79.2 is support.

Alternative scenario

Below 79.2, expect 77.4 and 76.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 80.3 and 80).

Supports and resistances

85.7 **

84.7 *

83.6 **

82.6

80.5 last

79.8

79.2 **

77.4 *

76.4 **

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