Litecoin / Dollar may rise to 86.7 - 87.9

Our pivot point is at 82.2.

Our preference

Rebound towards 87.9.

Alternative scenario

Below 82.2, expect 80.1 and 78.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.9 and 84.3).

Supports and resistances

90.3 **

89.1 *

87.9 **

86.7

83.8 last

83.0

82.2 **

80.1 *

78.9 **

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