Litecoin / Dollar may rise to 75.2 - 75.9

Our pivot point stands at 72.9.

Our preference

As long as 72.9 is support look for 75.9.

Alternative scenario

Below 72.9, expect 71.8 and 71.1.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (73.9) but above its 50 period moving average (72.9).

Supports and resistances

77.2 **

76.5 *

75.9 **

75.2

73.8 last

73.3

72.9 **

71.8 *

71.1 **

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