Litecoin / Dollar may rise to 79.1 - 79.9

Our pivot point is at 76.2.

Our preference

Rebound towards 79.9.

Alternative scenario

The downside breakout of 76.2 would call for 74.9 and 74.1.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77.7 and 78.4).

Supports and resistances

81.5 **

80.7 *

79.9 **

79.1

77.3 last

76.8

76.2 **

74.9 *

74.1 **

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