Litecoin / Dollar may fall to 80.1 - 81.3

Our pivot point is at 85.5.

Our preference

The downside prevails as long as 85.5 is resistance.

Alternative scenario

Above 85.5, look for 87.6 and 88.8.

Comment

The RSI is below 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 84.1 and 84.1).

Supports and resistances

88.8 **

87.6 *

85.5 **

84.7

83.8 last

81.3

80.1 **

78.9 *

77.7 **

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