Litecoin / Dollar may fall to 68.4 - 69.0

71.3 is our pivot point.

Our preference

The downside prevails as long as 71.3 is resistance.

Alternative scenario

The upside breakout of 71.3, would call for 72.4 and 73.

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 is trading under both its 20 and 50 period moving average (respectively at 70.6 and 70.8).

Supports and resistances

73.0 **

72.4 *

71.3 **

70.9

70.3 last

69.0

68.4 **

67.7 *

67.1 **

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