Litecoin / Dollar may fall to 71.7 - 72.4

Our pivot point stands at 74.6.

Our preference

Under pressure below 74.6.

Alternative scenario

The upside breakout of 74.6, would call for 75.8 and 76.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 74 and 74).

Supports and resistances

76.4 **

75.8 *

74.6 **

74.2

73.7 last

72.4

71.7 **

71.0 *

70.4 **

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