Litecoin / Dollar may fall to 63.1 - 63.8

Our pivot point stands at 66.3.

Our preference

The downside prevails as long as 66.3 is resistance.

Alternative scenario

Above 66.3, look for 67.6 and 68.3.

Comment

The RSI is below 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 65.6 and 65.5).

Supports and resistances

68.3 **

67.6 *

66.3 **

65.8

65.3 last

63.8

63.1 **

62.4 *

61.6 **

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