Litecoin / Dollar may fall to 63.7 - 64.3

Our pivot point stands at 66.4.

Our preference

Target 63.7.

Alternative scenario

Above 66.4, look for 67.4 and 68.0.

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 below its 20 period moving average (65.8) but above its 50 period moving average (65.5).

Supports and resistances

68.0 **

67.4 *

66.4 **

66.0

65.5 last

64.3

63.7 **

63.1 *

62.5 **

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