Litecoin / Dollar may rise to 85.9 - 87.1

81.4 is our pivot point.

Our preference

Rebound towards 87.1.

Alternative scenario

The downside breakout of 81.4 would call for 79.4 and 78.2.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.4 and 84.5).

Supports and resistances

89.6 **

88.4 *

87.1 **

85.9

83.1 last

82.2

81.4 **

79.4 *

78.2 **

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