Litecoin / Dollar may fall to 69.5 - 70.1

Our pivot point is at 72.3.

Our preference

The downside prevails as long as 72.3 is resistance.

Alternative scenario

Above 72.3, look for 73.3 and 74.0.

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 72.1 and 73.4).

Supports and resistances

74.0 **

73.3 *

72.3 **

71.8

71.4 last

70.1

69.5 **

68.8 *

68.2 **

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