Litecoin / Dollar may fall to 72.4 - 73.0

Our pivot point is at 75.5.

Our preference

The downside prevails as long as 75.5 is resistance.

Alternative scenario

The upside breakout of 75.5, would call for 76.6 and 77.3.

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 74.9 and 74.9).

Supports and resistances

77.3 **

76.6 *

75.5 **

75.1

74.6 last

73.0

72.4 **

71.7 *

71.0 **

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