Litecoin / Dollar may rise to 62.5 - 63.3

Our pivot point stands at 59.6.

Our preference

Rebound towards 63.3.

Alternative scenario

Below 59.6, expect 58.2 and 57.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61.3 and 62.4).

Supports and resistances

65.0 **

64.2 *

63.3 **

62.5

60.7 last

60.2

59.6 **

58.2 *

57.4 **

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