Litecoin / Dollar may fall to 76.3 - 77.3

Our pivot point stands at 80.9.

Our preference

The downside prevails as long as 80.9 is resistance.

Alternative scenario

The upside breakout of 80.9, would call for 82.6 and 83.6.

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 80.1 and 80.2).

Supports and resistances

83.6 **

82.6 *

80.9 **

80.2

79.5 last

77.3

76.3 **

75.3 *

74.3 **

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