Litecoin / Dollar may fall to 70.5 - 71.1

Our pivot point stands at 73.6.

Our preference

Target 70.5.

Alternative scenario

The upside breakout of 73.6, would call for 74.7 and 75.4.

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 trading under its 20 period moving average (73) but above its 50 period moving average (72.2).

Supports and resistances

75.4 **

74.7 *

73.6 **

73.2

72.5 last

71.1

70.5 **

69.8 *

69.2 **

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