Litecoin / Dollar may fall to 77.1 - 78.1

Our pivot point stands at 81.5.

Our preference

The downside prevails as long as 81.5 is resistance.

Alternative scenario

Above 81.5, look for 83.2 and 84.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 80.4 and 80.2). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (80.1).

Supports and resistances

84.2 **

83.2 *

81.5 **

80.8

80.1 last

78.1

77.1 **

76.1 *

75.0 **

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