Litecoin / Dollar may fall to 62.4 - 68.1

Our pivot point is at 87.2.

Our preference

The downside prevails as long as 87.2 is resistance.

Alternative scenario

The upside breakout of 87.2, would call for 96.8 and 102.6.

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 83.1 and 82.9).

Supports and resistances

102.6 **

96.8 *

87.2 **

83.4

79.6 last

68.1

62.4 **

56.6 *

50.9 **

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