Litecoin / Dollar may fall to 71.6 - 72.3

Our pivot point stands at 74.5.

Our preference

The downside prevails as long as 74.5 is resistance.

Alternative scenario

Above 74.5, look for 75.7 and 76.3.

Comment

The RSI is below its neutrality area at 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 74.1 and 74.5). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (73.6).

Supports and resistances

76.3 **

75.7 *

74.5 **

74.1

73.6 last

72.3

71.6 **

70.9 *

70.3 **

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