Litecoin / Dollar may rise to 67.1 - 68.0

Our pivot point stands at 64.1.

Our preference

Look for a drop towards 64.1 before a bounce.

Alternative scenario

Below 64.1, expect 62.5 and 61.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (65.3) but above its 50 period moving average (64.9).

Supports and resistances

69.9 **

69.0 *

68.0 **

67.1

65.3 last

64.7

64.1 **

62.5 *

61.6 **

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