Litecoin / Dollar may rise to 65.5 - 66.1

Our pivot point stands at 63.5.

Our preference

Rebound.

Alternative scenario

The downside breakout of 63.5 would call for 62.5 and 61.9.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (64.1) but under its 50 period moving average (64.4).

Supports and resistances

67.2 **

66.6 *

66.1 **

65.5

64.3 last

63.9

63.5 **

62.5 *

61.9 **

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