Litecoin / Dollar may fall to 79.1 - 80.3

Our pivot point stands at 84.8.

Our preference

The downside prevails as long as 84.8 is resistance.

Alternative scenario

Above 84.8, look for 86.8 and 88.0.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83.6 and 83.6). Finally, the Litecoin / Dollar is trading below its lower Bollinger band (standing at 83.2).

Supports and resistances

88.0 **

86.8 *

84.8 **

84.0

83.1 last

80.3

79.1 **

77.9 *

76.8 **

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