Litecoin / Dollar may fall to 61.3 - 61.9

63.7 is our pivot point.

Our preference

The downside prevails as long as 63.7 is resistance.

Alternative scenario

The upside breakout of 63.7, would call for 64.7 and 65.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63.7 and 64.4).

Supports and resistances

65.2 **

64.7 *

63.7 **

63.4

63.0 last

61.9

61.3 **

60.8 *

60.2 **

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