Litecoin / Dollar may fall to 76.1 - 76.9

Our pivot point stands at 79.7.

Our preference

The downside prevails as long as 79.7 is resistance.

Alternative scenario

Above 79.7, look for 81.0 and 81.9.

Comment

The RSI is below its neutrality area at 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 78.8 and 79.2).

Supports and resistances

81.9 **

81.0 *

79.7 **

79.1

78.6 last

76.9

76.1 **

75.3 *

74.5 **

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