Litecoin / Dollar may rise to 62.1 - 62.8

Our pivot point stands at 59.5.

Our preference

Rebound towards 62.8.

Alternative scenario

Below 59.5, expect 58.3 and 57.6.

Comment

The RSI is below its neutrality area at 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 60.9 and 61.3).

Supports and resistances

64.1 **

63.5 *

62.8 **

62.1

60.5 last

59.9

59.5 **

58.3 *

57.6 **

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