Litecoin / Dollar may fall to 71.2 - 72.0

Our pivot point stands at 74.8.

Our preference

Target 71.2.

Alternative scenario

Above 74.8, look for 76.2 and 77.1.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (73.9) but above its 50 period moving average (73.4).

Supports and resistances

77.1 **

76.2 *

74.8 **

74.3

73.7 last

72.0

71.2 **

70.3 *

69.5 **

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