Litecoin / Dollar may rise to 75.1 - 75.7

Our pivot point stands at 72.5.

Our preference

Rebound towards 75.7.

Alternative scenario

The downside breakout of 72.5 would call for 71.4 and 70.8.

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 stands below its 20 and 50 period moving average (respectively at 74 and 75.9).

Supports and resistances

77.0 **

76.4 *

75.7 **

75.1

73.7 last

73.0

72.5 **

71.4 *

70.8 **

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