Litecoin / Dollar may fall to 68.3 - 69.1

Our pivot point stands at 72.2.

Our preference

The downside prevails as long as 72.2 is resistance.

Alternative scenario

The upside breakout of 72.2, would call for 73.6 and 74.4.

Comment

The RSI is below 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 71.5 and 71.8). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (70.9).

Supports and resistances

74.4 **

73.6 *

72.2 **

71.7

70.8 last

69.1

68.3 **

67.5 *

66.7 **

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