Litecoin / Dollar may fall to 70.5 - 71.2

Our pivot point is at 73.4.

Our preference

The downside prevails as long as 73.4 is resistance.

Alternative scenario

The upside breakout of 73.4, would call for 74.5 and 75.2.

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 73.2 and 74).

Supports and resistances

75.2 **

74.5 *

73.4 **

73.0

72.5 last

71.2

70.5 **

69.9 *

69.2 **

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