Litecoin / Dollar may fall to 62.8 - 63.4

65.5 is our pivot point.

Our preference

The downside prevails as long as 65.5 is resistance.

Alternative scenario

Above 65.5, look for 66.5 and 67.1.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65 and 65.5).

Supports and resistances

67.1 **

66.5 *

65.5 **

65.1

64.6 last

63.4

62.8 **

62.2 *

61.6 **

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