Litecoin / Dollar may fall to 61.0 - 61.9

64.8 is our pivot point.

Our preference

Target 61.0.

Alternative scenario

Above 64.8, look for 66.3 and 67.2.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (63.7) but above its 50 period moving average (63.5).

Supports and resistances

67.2 **

66.3 *

64.8 **

64.3

63.6 last

61.9

61.0 **

60.1 *

59.2 **

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