Litecoin / Dollar may rise to 66.7 - 67.6

Our pivot point stands at 63.6.

Our preference

Rebound towards 67.6.

Alternative scenario

The downside breakout of 63.6 would call for 62.1 and 61.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65.2 and 65.5).

Supports and resistances

69.4 **

68.5 *

67.6 **

66.7

64.8 last

64.2

63.6 **

62.1 *

61.2 **

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