Litecoin / Dollar may rise to 80.7 - 81.5

Our pivot point is at 77.9.

Our preference

The upside prevails as long as 77.9 is support.

Alternative scenario

Below 77.9, expect 76.5 and 75.7.

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 78.5 and 78.5).

Supports and resistances

83.2 **

82.4 *

81.5 **

80.7

79.0 last

78.4

77.9 **

76.5 *

75.7 **

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