Litecoin / Dollar may fall to 62.1 - 62.8

Our pivot point is at 65.4.

Our preference

Target 62.1.

Alternative scenario

The upside breakout of 65.4, would call for 66.7 and 67.4.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (64.7) but above its 50 period moving average (64.1).

Supports and resistances

67.4 **

66.7 *

65.4 **

65.0

64.5 last

62.8

62.1 **

61.4 *

60.6 **

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