Litecoin / Dollar may fall to 72.4 - 73.0

75.4 is our pivot point.

Our preference

Technical rebound towards 75.4 before a new drop.

Alternative scenario

The upside breakout of 75.4, would call for 76.5 and 77.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (74.4) but below its 50 period moving average (74.5).

Supports and resistances

77.2 **

76.5 *

75.4 **

74.9

74.5 last

73.0

72.4 **

71.7 *

71.0 **

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