Litecoin / Dollar may fall to 68.1 - 68.7

Our pivot point stands at 71.0.

Our preference

The downside prevails as long as 71 is resistance.

Alternative scenario

The upside breakout of 71, would call for 72.2 and 72.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70.7 and 70.9).

Supports and resistances

72.9 **

72.2 *

71.0 **

70.6

70.1 last

68.7

68.1 **

67.4 *

66.7 **

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