Litecoin / Dollar may fall to 79.9 - 81.1

Our pivot point is at 85.1.

Our preference

Under pressure below 85.1.

Alternative scenario

The upside breakout of 85.1, would call for 87.1 and 88.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.7 and 83.6).

Supports and resistances

88.3 **

87.1 *

85.1 **

84.3

83.5 last

81.1

79.9 **

78.7 *

77.5 **

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