Litecoin / Dollar may fall to 60.2 - 61.0

Our pivot point is at 63.9.

Our preference

The downside prevails as long as 63.9 is resistance.

Alternative scenario

The upside breakout of 63.9, would call for 65.4 and 66.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63.3 and 64.1).

Supports and resistances

66.3 **

65.4 *

63.9 **

63.4

62.8 last

61.0

60.2 **

59.3 *

58.4 **

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