Litecoin / Dollar may fall to 70.6 - 71.3

Our pivot point is at 73.7.

Our preference

Under pressure below 73.7.

Alternative scenario

The upside breakout of 73.7, would call for 74.8 and 75.4.

Comment

The RSI is below 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 trading under both its 20 and 50 period moving average (respectively at 72.7 and 72.8).

Supports and resistances

75.4 **

74.8 *

73.7 **

73.2

72.6 last

71.3

70.6 **

70.0 *

69.3 **

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