Litecoin / Dollar may fall to 80.5 - 81.8

Our pivot point stands at 85.8.

Our preference

Target 80.5.

Alternative scenario

The upside breakout of 85.8, would call for 87.9 and 89.1.

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 is trading under its 20 period moving average (84.5) but above its 50 period moving average (83.9).

Supports and resistances

89.1 **

87.9 *

85.8 **

85.0

84.2 last

81.8

80.5 **

79.3 *

78.1 **

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