Litecoin / Dollar may fall to 75.5 - 76.3

Our pivot point is at 79.8.

Our preference

Target 75.5.

Alternative scenario

The upside breakout of 79.8, would call for 81.1 and 81.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (78.3) but above its 50 period moving average (77.7).

Supports and resistances

81.9 **

81.1 *

79.8 **

79.2

78.0 last

76.3

75.5 **

74.7 *

73.9 **

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