Litecoin / Dollar may fall to 64.8 - 65.6

Our pivot point stands at 68.4.

Our preference

The downside prevails as long as 68.4 is resistance.

Alternative scenario

Above 68.4, look for 69.7 and 70.4.

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 is trading under both its 20 and 50 period moving average (respectively at 68.8 and 69.8).

Supports and resistances

70.4 **

69.7 *

68.4 **

67.9

67.2 last

65.6

64.8 **

64.1 *

63.3 **

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