Litecoin / Dollar may rise to 68.4 - 69.1

Our pivot point stands at 66.2.

Our preference

Look for a drop towards 66.2 before a bounce.

Alternative scenario

The downside breakout of 66.2 would call for 65.2 and 64.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 66.9 and 66.8).

Supports and resistances

70.3 **

69.7 *

69.1 **

68.4

67.2 last

66.6

66.2 **

65.2 *

64.6 **

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