Litecoin may fall to 70.1 - 70.7

Our pivot point stands at 72.9.

Our preference

The downside prevails as long as 72.9 is resistance.

Alternative scenario

Above 72.9, look for 74.0 and 74.7.

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 is trading under both its 20 and 50 period moving average (respectively at 72.1 and 72.2).

Supports and resistances

74.7 **

74.0 *

72.9 **

72.5

72.1 last

70.7

70.1 **

69.4 *

68.7 **

#Litecoin #LTC #LTCUpdate