Litecoin / Dollar may fall to 63.5 - 64.5

Our pivot point is at 68.0.

Our preference

Under pressure below 68.0.

Alternative scenario

Above 68.0, look for 69.5 and 70.5.

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 stands below its 20 and 50 period moving average (respectively at 66.9 and 66.8).

Supports and resistances

70.5 **

69.5 *

68.0 **

67.3

66.4 last

64.5

63.5 **

62.6 *

61.7 **

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