Litecoin / Dollar may fall to 67.6 - 68.3

Our pivot point stands at 70.8.

Our preference

Target 67.6.

Alternative scenario

The upside breakout of 70.8, would call for 71.9 and 72.6.

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 its 20 period moving average (70) but above its 50 period moving average (69.4).

Supports and resistances

72.6 **

71.9 *

70.8 **

70.3

69.7 last

68.3

67.6 **

66.9 *

66.3 **

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