Litecoin / Dollar may rise to 80.6 - 81.4

Our pivot point stands at 77.8.

Our preference

Rebound towards 81.4.

Alternative scenario

Below 77.8, expect 76.4 and 75.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (78.9) but under its 50 period moving average (79.2).

Supports and resistances

83.0 **

82.2 *

81.4 **

80.6

78.9 last

78.4

77.8 **

76.4 *

75.6 **

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