Litecoin / Dollar may fall to 58.0 - 58.7

Our pivot point stands at 61.1.

Our preference

The downside prevails as long as 61.1 is resistance.

Alternative scenario

Above 61.1, look for 62.2 and 62.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60.2 and 60.5).

Supports and resistances

62.9 **

62.2 *

61.1 **

60.6

60.1 last

58.7

58.0 **

57.3 *

56.6 **

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