Litecoin / Dollar may fall to 61.1 - 62.0

Our pivot point stands at 65.3.

Our preference

Under pressure below 65.3.

Alternative scenario

Above 65.3, look for 66.9 and 67.8.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65.5 and 64.8). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 63.9).

Supports and resistances

67.8 **

66.9 *

65.3 **

64.7

63.9 last

62.0

61.1 **

60.2 *

59.3 **

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