Litecoin / Dollar may rise to 68.1 - 69.0

Our pivot point stands at 64.9.

Our preference

Rebound towards 69.0.

Alternative scenario

The downside breakout of 64.9 would call for 63.4 and 62.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 66.4 and 66.9).

Supports and resistances

70.9 **

69.9 *

69.0 **

68.1

66.2 last

65.6

64.9 **

63.4 *

62.4 **

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