Litecoin / Dollar may rise to 61.5 - 62.2

Our pivot point is at 59.0.

Our preference

Rebound towards 62.2.

Alternative scenario

The downside breakout of 59 would call for 57.9 and 57.2.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60.1 and 60.9).

Supports and resistances

63.6 **

62.9 *

62.2 **

61.5

60.0 last

59.5

59.0 **

57.9 *

57.2 **

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