Litecoin / Dollar may rise to 76.1 - 76.8

Our pivot point is at 73.8.

Our preference

The upside prevails as long as 73.8 is support.

Alternative scenario

The downside breakout of 73.8 would call for 72.6 and 72.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 74.3 and 74.1). Finally, the Litecoin / Dollar has crossed above its upper Bollinger band (74.7).

Supports and resistances

78.2 **

77.5 *

76.8 **

76.1

74.8 last

74.2

73.8 **

72.6 *

72.0 **

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