Litecoin / Dollar may rise to 63.0 - 63.5

Our pivot point stands at 60.8.

Our preference

Rebound towards 63.5.

Alternative scenario

The downside breakout of 60.8 would call for 60 and 59.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62 and 63.3).

Supports and resistances

64.6 **

64.1 *

63.5 **

63.0

61.8 last

61.2

60.8 **

60.0 *

59.4 **

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