Litecoin / Dollar may rise to 73.0 - 73.6

Our pivot point is at 70.8.

Our preference

As long as 70.8 is support look for 73.6.

Alternative scenario

The downside breakout of 70.8 would call for 69.7 and 69.1.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 71.4 and 71).

Supports and resistances

74.9 **

74.3 *

73.6 **

73.0

71.7 last

71.2

70.8 **

69.7 *

69.1 **

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