Litecoin / Dollar may rise to 72.7 - 73.4

Our pivot point is at 70.2.

Our preference

Rebound towards 73.4.

Alternative scenario

The downside breakout of 70.2 would call for 69.1 and 68.5.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71.9 and 73.6).

Supports and resistances

74.7 **

74.0 *

73.4 **

72.7

71.4 last

70.6

70.2 **

69.1 *

68.5 **

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