Litecoin / Dollar may rise to 76.0 - 76.7

Our pivot point stands at 73.8.

Our preference

The upside prevails as long as 73.8 is support.

Alternative scenario

Below 73.8, expect 72.7 and 72.0.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 74.4 and 74.4).

Supports and resistances

78.0 **

77.4 *

76.7 **

76.0

74.7 last

74.2

73.8 **

72.7 *

72.0 **

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