Litecoin / Dollar may fall to 60.8 - 68.2

Our pivot point stands at 92.5.

Our preference

The downside prevails as long as 92.5 is resistance.

Alternative scenario

Above 92.5, look for 104.8 and 112.1.

Comment

The RSI is below 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 84.3 and 83).

Supports and resistances

112.1 **

104.8 *

92.5 **

87.7

82.8 last

68.2

60.8 **

53.5 *

46.2 **

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