Litecoin / Dollar may fall to 78.7 - 79.8

Our pivot point is at 83.4.

Our preference

The downside prevails as long as 83.4 is resistance.

Alternative scenario

The upside breakout of 83.4, would call for 85.1 and 86.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82.5 and 83).

Supports and resistances

86.2 **

85.1 *

83.4 **

82.7

81.9 last

79.8

78.7 **

77.7 *

76.6 **

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