Litecoin / Dollar may rise to 75.4 - 76.0

Our pivot point stands at 73.0.

Our preference

Look for a drop towards 73 before a bounce.

Alternative scenario

The downside breakout of 73 would call for 71.9 and 71.2.

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 both its 20 and 50 period moving average (respectively at 74 and 74).

Supports and resistances

77.4 **

76.7 *

76.0 **

75.4

74.0 last

73.5

73.0 **

71.9 *

71.2 **

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