Litecoin / Dollar may rise to 79.2 - 80.0

Our pivot point is at 76.5.

Our preference

The upside prevails as long as 76.5 is support.

Alternative scenario

The downside breakout of 76.5 would call for 75.1 and 74.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 77.3 and 77.5).

Supports and resistances

81.6 **

80.8 *

80.0 **

79.2

77.5 last

77.0

76.5 **

75.1 *

74.3 **

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