Litecoin / Dollar may rise to 78.5 - 79.3

Our pivot point stands at 75.8.

Our preference

Rebound towards 79.3.

Alternative scenario

The downside breakout of 75.8 would call for 74.5 and 73.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77.1 and 77.6).

Supports and resistances

80.9 **

80.1 *

79.3 **

78.5

76.9 last

76.3

75.8 **

74.5 *

73.7 **

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