Litecoin / Dollar may fall to 69.2 - 69.8

Our pivot point stands at 72.0.

Our preference

The downside prevails as long as 72 is resistance.

Alternative scenario

The upside breakout of 72, would call for 73.1 and 73.7.

Comment

The RSI is below its neutrality area at 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 71.4 and 71.1).

Supports and resistances

73.7 **

73.1 *

72.0 **

71.6

71.1 last

69.8

69.2 **

68.5 *

67.9 **

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