Litecoin / Dollar may rise to 86.4 - 87.5

Our pivot point is at 82.7.

Our preference

Rebound towards 87.5.

Alternative scenario

The downside breakout of 82.7 would call for 80.9 and 79.8.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84.3 and 84.8).

Supports and resistances

89.6 **

88.5 *

87.5 **

86.4

84.1 last

83.4

82.7 **

80.9 *

79.8 **

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