Litecoin / Dollar may fall to 63.5 - 64.4

Our pivot point stands at 67.6.

Our preference

The downside prevails as long as 67.6 is resistance.

Alternative scenario

The upside breakout of 67.6, would call for 69.2 and 70.1.

Comment

The RSI is below its neutrality area at 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 66.6 and 66.6).

Supports and resistances

70.1 **

69.2 *

67.6 **

67.0

66.3 last

64.4

63.5 **

62.5 *

61.6 **

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