Litecoin / Dollar may rise to 75.1 - 75.8

Our pivot point stands at 72.8.

Our preference

The upside prevails as long as 72.8 is support.

Alternative scenario

The downside breakout of 72.8 would call for 71.7 and 71.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 72.3 and 72.6).

Supports and resistances

77.1 **

76.4 *

75.8 **

75.1

73.8 last

73.3

72.8 **

71.7 *

71.1 **

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