Litecoin / Dollar may fall to 58.3 - 59.0

Our pivot point stands at 61.6.

Our preference

Technical rebound towards 61.6 before a new drop.

Alternative scenario

Above 61.6, look for 62.7 and 63.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (60.1) but under its 50 period moving average (60.7).

Supports and resistances

63.4 **

62.7 *

61.6 **

61.1

60.4 last

59.0

58.3 **

57.6 *

56.9 **

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