Litecoin / Dollar may fall to 70.5 - 71.2

Our pivot point is at 73.3.

Our preference

As long as 73.3 is resistance look for 70.5.

Alternative scenario

Above 73.3, look for 74.4 and 75.1.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above its 20 period moving average (72.4) but under its 50 period moving average (72.5).

Supports and resistances

75.1 **

74.4 *

73.3 **

72.9

72.5 last

71.2

70.5 **

69.9 *

69.2 **

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