Litecoin may rise to 75.1 - 75.7
4:17 PMChainlink / Dollar intraday: rebound towards 16.27Our preference: rebound towards 16.27.4:15 PMLitecoin / Dollar intraday: the upside prevails as long as 72.7 is supportAlternative scenario: below 72.7, expect 71.5 and 70.9.2:35 AMChainlink / Dollar ST: the upside prevails as long as 12.89 is supportAlternative scenario: the downside breakout of 12.89 would call for 9.57 and 7.59.2:32 AMLitecoin / Dollar ST: look for a drop towards 66.1 before a bounceOur preference: look for a drop towards 66.1 before a bounce.4:15 PM (UTC+1)Litecoin / Dollar may rise to 75.1 - 75.7
Trade
Our pivot point is at 72.7.
Our preference
The upside prevails as long as 72.7 is support.
Alternative scenario
The downside breakout of 72.7 would call for 71.5 and 70.9.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 72.6 and 72.5).
Supports and resistances
77.1 **
76.4 *
75.7 **
75.1
73.6 last
73.1
72.7 **
71.5 *
70.9 **
