Litecoin / Dollar may rise to 81.4 - 82.2

Our pivot point is at 78.6.

Our preference

The upside prevails as long as 78.6 is support.

Alternative scenario

The downside breakout of 78.6 would call for 77.2 and 76.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 79.4 and 78.9).

Supports and resistances

83.9 **

83.1 *

82.2 **

81.4

79.7 last

79.2

78.6 **

77.2 *

76.4 **

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