Litecoin / Dollar may rise to 78.9 - 79.7

75.9 is our pivot point.

Our preference

Rebound towards 79.7.

Alternative scenario

The downside breakout of 75.9 would call for 74.5 and 73.7.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77.6 and 78.3).

Supports and resistances

81.3 **

80.5 *

79.7 **

78.9

77.3 last

76.4

75.9 **

74.5 *

73.7 **

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