Litecoin / Dollar may rise to 61.5 - 62.0

Our pivot point is at 59.5.

Our preference

Rebound towards 62.0.

Alternative scenario

Below 59.5, expect 58.6 and 58.1.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (59.2) but below its 50 period moving average (63.3).

Supports and resistances

63.0 **

62.5 *

62.0 **

61.5

60.4 last

59.9

59.5 **

58.6 *

58.1 **

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