Litecoin / Dollar may rise to 62.5 - 63.3

Our pivot point stands at 59.5.

Our preference

Rebound towards 63.3.

Alternative scenario

The downside breakout of 59.5 would call for 58.1 and 57.3.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (60.5) but below its 50 period moving average (61.9).

Supports and resistances

65.0 **

64.2 *

63.3 **

62.5

60.8 last

60.1

59.5 **

58.1 *

57.3 **

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