Litecoin / Dollar may fall to 58.8 - 59.5

Our pivot point stands at 62.2.

Our preference

Target 58.8.

Alternative scenario

Above 62.2, look for 63.4 and 64.1.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (61.2) but above its 50 period moving average (60.6).

Supports and resistances

64.1 **

63.4 *

62.2 **

61.7

60.9 last

59.5

58.8 **

58.1 *

57.4 **

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