Litecoin / Dollar may fall to 61.4 - 62.3

Our pivot point stands at 65.5.

Our preference

The downside prevails as long as 65.5 is resistance.

Alternative scenario

The upside breakout of 65.5, would call for 67 and 67.9.

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 is trading under both its 20 and 50 period moving average (respectively at 64.7 and 65).

Supports and resistances

67.9 **

67.0 *

65.5 **

64.9

64.2 last

62.3

61.4 **

60.5 *

59.6 **

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