Litecoin / Dollar may fall to 62.7 - 63.5

Our pivot point stands at 66.0.

Our preference

The downside prevails as long as 66 is resistance.

Alternative scenario

The upside breakout of 66, would call for 67.2 and 67.9.

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 65.4 and 65.5).

Supports and resistances

67.9 **

67.2 *

66.0 **

65.5

65.0 last

63.5

62.7 **

62.0 *

61.3 **

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