Litecoin / Dollar may fall to 56.4 - 57.1

Our pivot point stands at 59.4.

Our preference

Target 56.4.

Alternative scenario

Above 59.4, look for 60.5 and 61.2.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (58.7) but above its 50 period moving average (58.4).

Supports and resistances

61.2 **

60.5 *

59.4 **

59.0

58.5 last

57.1

56.4 **

55.7 *

55.1 **

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