Litecoin / Dollar may fall to 59.0 - 59.9

Our pivot point is at 62.7.

Our preference

Technical rebound towards 62.7 before a new drop.

Alternative scenario

The upside breakout of 62.7, would call for 64.1 and 65.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (61.1) but under its 50 period moving average (61.7).

Supports and resistances

65.0 **

64.1 *

62.7 **

62.1

61.6 last

59.9

59.0 **

58.2 *

57.3 **

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