Litecoin / Dollar may fall to 62.5 - 63.1

Our pivot point stands at 65.2.

Our preference

The downside prevails as long as 65.2 is resistance.

Alternative scenario

The upside breakout of 65.2, would call for 66.2 and 66.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64.7 and 65.1). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (64.3).

Supports and resistances

66.7 **

66.2 *

65.2 **

64.8

64.2 last

63.1

62.5 **

61.9 *

61.3 **

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