Litecoin / Dollar may fall to 57.9 - 58.6

Our pivot point stands at 61.2.

Our preference

Eye 57.9.

Alternative scenario

The upside breakout of 61.2, would call for 62.3 and 63.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under its 20 period moving average (60.5) but above its 50 period moving average (60.2).

Supports and resistances

63.0 **

62.3 *

61.2 **

60.7

60.3 last

58.6

57.9 **

57.2 *

56.5 **

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