Litecoin / Dollar may fall to 63.4 - 64.3

Our pivot point is at 67.6.

Our preference

Target 63.4.

Alternative scenario

The upside breakout of 67.6, would call for 69.1 and 70.1.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (66.3) but above its 50 period moving average (66.1).

Supports and resistances

70.1 **

69.1 *

67.6 **

66.9

66.2 last

64.3

63.4 **

62.4 *

61.5 **

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