Litecoin / Dollar may fall to 70.1 - 70.7

Our pivot point stands at 73.2.

Our preference

The downside prevails as long as 73.2 is resistance.

Alternative scenario

Above 73.2, look for 74.3 and 74.9.

Comment

The RSI is below 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 72.8 and 72.3).

Supports and resistances

74.9 **

74.3 *

73.2 **

72.7

72.1 last

70.7

70.1 **

69.4 *

68.8 **

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