Litecoin / Dollar may fall to 60.0 - 60.5

Our pivot point stands at 62.8.

Our preference

The downside prevails as long as 62.8 is resistance.

Alternative scenario

Above 62.8, look for 63.7 and 64.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62.9 and 64).

Supports and resistances

64.2 **

63.7 *

62.8 **

62.5

61.8 last

60.5

60.0 **

59.4 *

58.9 **

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