Litecoin / Dollar may fall to 81.0 - 82.0

Our pivot point is at 85.6.

Our preference

The downside prevails as long as 85.6 is resistance.

Alternative scenario

The upside breakout of 85.6, would call for 87.4 and 88.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 85 and 85).

Supports and resistances

88.5 **

87.4 *

85.6 **

84.9

84.2 last

82.0

81.0 **

79.9 *

78.8 **

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