Litecoin / Dollar may rise to 80.8 - 81.6

Our pivot point is at 78.0.

Our preference

As long as 78 is support look for 81.6.

Alternative scenario

Below 78.0, expect 76.7 and 75.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 79 and 78.6).

Supports and resistances

83.3 **

82.5 *

81.6 **

80.8

79.2 last

78.6

78.0 **

76.7 *

75.8 **

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