Litecoin / Dollar may fall to 43.3 - 49.3

Our pivot point is at 70.6.

Our preference

The downside prevails as long as 70.6 is resistance.

Alternative scenario

The upside breakout of 70.6, would call for 80.9 and 87.

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 64.8 and 68.2).

Supports and resistances

87.0 **

80.9 *

70.6 **

66.6

61.6 last

49.3

43.3 **

37.3 *

31.3 **

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