Litecoin / Dollar may fall to 82.7 - 84.2

89.1 is our pivot point.

Our preference

The downside prevails as long as 89.1 is resistance.

Alternative scenario

The upside breakout of 89.1, would call for 91.5 and 93.

Comment

The RSI is below 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 87.5 and 88.1).

Supports and resistances

93.0 **

91.5 *

89.1 **

88.1

87.1 last

84.2

82.7 **

81.3 *

79.8 **

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