Litecoin / Dollar may fall to 65.8 - 66.5

69.4 is our pivot point.

Our preference

The downside prevails as long as 69.4 is resistance.

Alternative scenario

Above 69.4, look for 70.8 and 71.5.

Comment

The RSI is below 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 68.6 and 68.8).

Supports and resistances

71.5 **

70.8 *

69.4 **

68.9

68.4 last

66.5

65.8 **

65.0 *

64.2 **

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