Litecoin / Dollar may rise to 57.2 - 57.9

55.1 is our pivot point.

Our preference

Rebound towards 57.9.

Alternative scenario

The downside breakout of 55.1 would call for 54 and 53.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56.5 and 57.7).

Supports and resistances

59.1 **

58.5 *

57.9 **

57.2

56.0 last

55.5

55.1 **

54.0 *

53.4 **

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