Litecoin / Dollar may fall to 61.1 - 62.0

Our pivot point stands at 65.0.

Our preference

The downside prevails as long as 65 is resistance.

Alternative scenario

The upside breakout of 65, would call for 66.5 and 67.4.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64.3 and 64.8).

Supports and resistances

67.4 **

66.5 *

65.0 **

64.4

63.8 last

62.0

61.1 **

60.2 *

59.3 **

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