Litecoin / Dollar may fall to 63.3 - 63.9

Our pivot point is at 65.9.

Our preference

The downside prevails as long as 65.9 is resistance.

Alternative scenario

Above 65.9, look for 66.9 and 67.5.

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 65.6 and 65.7). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (65.2).

Supports and resistances

67.5 **

66.9 *

65.9 **

65.5

65.1 last

63.9

63.3 **

62.7 *

62.1 **

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