Litecoin / Dollar may rise to 81.3 - 82.1

Our pivot point is at 78.4.

Our preference

As long as 78.4 is support look for 82.1.

Alternative scenario

Below 78.4, expect 77.0 and 76.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 79.4 and 79).

Supports and resistances

83.8 **

82.9 *

82.1 **

81.3

79.6 last

78.9

78.4 **

77.0 *

76.2 **

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