Litecoin / Dollar may rise to 79.6 - 80.4

Our pivot point stands at 76.5.

Our preference

Rebound.

Alternative scenario

Below 76.5, expect 75.1 and 74.3.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (77.2) but below its 50 period moving average (77.9).

Supports and resistances

82.0 **

81.2 *

80.4 **

79.6

77.6 last

77.0

76.5 **

75.1 *

74.3 **

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