Litecoin / Dollar may fall to 75.7 - 76.5

Our pivot point stands at 79.3.

Our preference

Target 75.7.

Alternative scenario

Above 79.3, look for 80.7 and 81.5.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (78.5) but above its 50 period moving average (78).

Supports and resistances

81.5 **

80.7 *

79.3 **

78.7

78.2 last

76.5

75.7 **

74.9 *

74.1 **

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