Litecoin / Dollar may rise to 85.6 - 86.8

Our pivot point stands at 81.6.

Our preference

Rebound towards 86.8.

Alternative scenario

The downside breakout of 81.6 would call for 79.6 and 78.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (83.1) but below its 50 period moving average (83.3).

Supports and resistances

89.2 **

88.0 *

86.8 **

85.6

83.2 last

82.4

81.6 **

79.6 *

78.4 **

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