Litecoin / Dollar may rise to 68.5 - 69.4

Our pivot point is at 65.3.

Our preference

Rebound towards 69.4.

Alternative scenario

The downside breakout of 65.3 would call for 63.7 and 62.8.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 66.6 and 67.1).

Supports and resistances

71.3 **

70.3 *

69.4 **

68.5

66.6 last

65.9

65.3 **

63.7 *

62.8 **

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