Litecoin / Dollar may fall to 64.4 - 65.4

Our pivot point is at 68.6.

Our preference

Target 64.4.

Alternative scenario

The upside breakout of 68.6, would call for 70.2 and 71.2.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (67.6) but above its 50 period moving average (67.3).

Supports and resistances

71.2 **

70.2 *

68.6 **

68.0

67.4 last

65.4

64.4 **

63.5 *

62.5 **

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