Litecoin / Dollar may fall to 70.2 - 71.0

Our pivot point is at 74.0.

Our preference

The downside prevails as long as 74 is resistance.

Alternative scenario

Above 74.0, look for 75.4 and 76.3.

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 is trading under both its 20 and 50 period moving average (respectively at 73.8 and 73.4). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 72.9).

Supports and resistances

76.3 **

75.4 *

74.0 **

73.5

72.8 last

71.0

70.2 **

69.3 *

68.5 **

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