Litecoin / Dollar may fall to 80.5 - 81.7

Our pivot point is at 86.3.

Our preference

The downside prevails as long as 86.3 is resistance.

Alternative scenario

The upside breakout of 86.3, would call for 88.3 and 89.5.

Comment

The RSI is below 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 85.4 and 85). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (84.3).

Supports and resistances

89.5 **

88.3 *

86.3 **

85.5

84.1 last

81.7

80.5 **

79.2 *

78.0 **

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