Litecoin / Dollar may rise to 80.0 - 80.8

Our pivot point is at 77.2.

Our preference

Look for a drop towards 77.2 before a bounce.

Alternative scenario

Below 77.2, expect 75.9 and 75.0.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 78.3 and 78.1).

Supports and resistances

82.4 **

81.6 *

80.8 **

80.0

78.4 last

77.8

77.2 **

75.9 *

75.0 **

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