Litecoin / Dollar may rise to 75.4 - 76.1

Our pivot point is at 73.1.

Our preference

The upside prevails as long as 73.1 is support.

Alternative scenario

The downside breakout of 73.1 would call for 72 and 71.3.

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 73.9 and 73.5).

Supports and resistances

77.4 **

76.7 *

76.1 **

75.4

74.1 last

73.5

73.1 **

72.0 *

71.3 **

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