Litecoin / Dollar may rise to 80.1 - 80.9

Our pivot point is at 77.4.

Our preference

As long as 77.4 is support look for 80.9.

Alternative scenario

Below 77.4, expect 76.0 and 75.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (78.6) but above its 50 period moving average (77.9).

Supports and resistances

82.5 **

81.7 *

80.9 **

80.1

78.5 last

77.9

77.4 **

76.0 *

75.2 **

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