Litecoin / Dollar may fall to 57.7 - 58.5

Our pivot point is at 61.4.

Our preference

The downside prevails as long as 61.4 is resistance.

Alternative scenario

Above 61.4, look for 62.8 and 63.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61.9 and 62.6).

Supports and resistances

63.7 **

62.8 *

61.4 **

60.9

60.3 last

58.5

57.7 **

56.8 *

56.0 **

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