Litecoin Intraday: the RSI is oversold

Our pivot point is at 53.8.
Our preference:
The downside prevails as long as 53.8 is resistance, with 51.6 and 51.1 as targets
Alternative scenario:
above 53.8, look for 54.7 and 55.2.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 54.1 and 54.1). The Litecoin / Dollar is trading below its lower Bollinger band (standing at 52.9).
Supports and resistances:
55.2 **
54.7 *
53.8 **
52.6 last
51.6
51.1 **
50.6 *