Litecoin / Dollar may fall to 68.9 - 69.6

Our pivot point is at 71.7.

Our preference

Target 68.9.

Alternative scenario

Above 71.7, look for 72.8 and 73.5.

Comment

The RSI is below its neutrality area at 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 below its 20 period moving average (71.2) but above its 50 period moving average (70.2).

Supports and resistances

73.5 **

72.8 *

71.7 **

71.3

70.9 last

69.6

68.9 **

68.3 *

67.6 **

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