Litecoin / Dollar may rise to 65.1 - 66.0

Our pivot point stands at 62.2.

Our preference

Rebound towards 66.0.

Alternative scenario

The downside breakout of 62.2 would call for 60.7 and 59.8.

Comment

The RSI is below its neutrality area at 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 63.5 and 63.9).

Supports and resistances

67.8 **

66.9 *

66.0 **

65.1

63.3 last

62.8

62.2 **

60.7 *

59.8 **

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