Litecoin / Dollar may rise to 81.8 - 82.7

Our pivot point stands at 78.9.

Our preference

The upside prevails as long as 78.9 is support.

Alternative scenario

Below 78.9, expect 77.5 and 76.7.

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 79.6 and 79.3).

Supports and resistances

84.3 **

83.5 *

82.7 **

81.8

80.0 last

79.5

78.9 **

77.5 *

76.7 **

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