Litecoin / Dollar may fall to 81.7 - 82.7

Our pivot point stands at 86.9.

Our preference

Under pressure below 86.9.

Alternative scenario

Above 86.9, look for 88.7 and 89.8.

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 stands below its 20 and 50 period moving average (respectively at 85.3 and 85.1). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (85.0).

Supports and resistances

89.8 **

88.7 *

86.9 **

86.2

85.0 last

82.7

81.7 **

80.6 *

79.5 **

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