Litecoin / Dollar may fall to 65.0 - 65.6

Our pivot point stands at 67.7.

Our preference

Target 65.0.

Alternative scenario

The upside breakout of 67.7, would call for 68.7 and 69.4.

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 (67.1) but above its 50 period moving average (66.5).

Supports and resistances

69.4 **

68.7 *

67.7 **

67.3

66.8 last

65.6

65.0 **

64.4 *

63.8 **

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