Litecoin / Dollar may fall to 81.3 - 82.5

Our pivot point stands at 86.6.

Our preference

Target 81.3.

Alternative scenario

The upside breakout of 86.6, would call for 88.7 and 89.9.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (85.5) but above its 50 period moving average (84.9).

Supports and resistances

89.9 **

88.7 *

86.6 **

85.8

85.0 last

82.5

81.3 **

80.0 *

78.8 **

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