Litecoin / Dollar may fall to 60.3 - 61.1

Our pivot point stands at 64.2.

Our preference

The downside prevails as long as 64.2 is resistance.

Alternative scenario

The upside breakout of 64.2, would call for 65.7 and 66.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63.3 and 63.8).

Supports and resistances

66.6 **

65.7 *

64.2 **

63.6

63.0 last

61.1

60.3 **

59.4 *

58.5 **

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