Litecoin / Dollar may fall to 70.9 - 71.7

Our pivot point is at 74.9.

Our preference

The downside prevails as long as 74.9 is resistance.

Alternative scenario

Above 74.9, look for 76.3 and 77.1.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 73.6 and 74).

Supports and resistances

77.1 **

76.3 *

74.9 **

74.3

73.4 last

71.7

70.9 **

70.0 *

69.2 **

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