Litecoin / Dollar may fall to 81.2 - 82.3

86.1 is our pivot point.

Our preference

Under pressure below 86.1.

Alternative scenario

Above 86.1, look for 87.9 and 89.0.

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 both its 20 and 50 period moving average (respectively at 85 and 84.6). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (84.6).

Supports and resistances

89.0 **

87.9 *

86.1 **

85.4

84.5 last

82.3

81.2 **

80.2 *

79.1 **

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