Litecoin / Dollar may rise to 60.6 - 61.2

Our pivot point is at 58.3.

Our preference

Rebound towards 61.2.

Alternative scenario

The downside breakout of 58.3 would call for 57.5 and 57.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (59.2) but below its 50 period moving average (64.2).

Supports and resistances

62.2 **

61.7 *

61.2 **

60.6

59.6 last

58.7

58.3 **

57.5 *

57.0 **

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