Litecoin / Dollar may fall to 76.7 - 77.7

Our pivot point stands at 81.2.

Our preference

The downside prevails as long as 81.2 is resistance.

Alternative scenario

Above 81.2, look for 82.9 and 83.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 80.2 and 80.2).

Supports and resistances

83.9 **

82.9 *

81.2 **

80.5

79.9 last

77.7

76.7 **

75.7 *

74.7 **

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