Litecoin / Dollar may rise to 81.1 - 81.9

Our pivot point stands at 78.4.

Our preference

As long as 78.4 is support look for 81.9.

Alternative scenario

Below 78.4, expect 77.0 and 76.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (79.5) but above its 50 period moving average (79.1).

Supports and resistances

83.6 **

82.8 *

81.9 **

81.1

79.5 last

78.9

78.4 **

77.0 *

76.1 **

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