Litecoin / Dollar may fall to 62.1 - 62.8

65.8 is our pivot point.

Our preference

As long as 65.8 is resistance look for 62.1.

Alternative scenario

Above 65.8, look for 67.1 and 67.8.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64.7 and 64.8).

Supports and resistances

67.8 **

67.1 *

65.8 **

65.3

64.5 last

62.8

62.1 **

61.3 *

60.6 **

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