Litecoin / Dollar may rise to 75.3 - 75.9

Our pivot point stands at 73.0.

Our preference

As long as 73 is support look for 75.9.

Alternative scenario

The downside breakout of 73 would call for 71.8 and 71.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 73.7 and 73.2).

Supports and resistances

77.2 **

76.6 *

75.9 **

75.3

73.9 last

73.4

73.0 **

71.8 *

71.2 **

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