Litecoin / Dollar may fall to 68.9 - 69.7

Our pivot point stands at 72.7.

Our preference

As long as 72.7 is resistance look for 68.9.

Alternative scenario

Above 72.7, look for 74.0 and 74.9.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (71.2) but below its 50 period moving average (71.4).

Supports and resistances

74.9 **

74.0 *

72.7 **

72.1

71.3 last

69.7

68.9 **

68.0 *

67.2 **

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