Litecoin / Dollar may fall to 75.7 - 76.5

Our pivot point stands at 79.2.

Our preference

The downside prevails as long as 79.2 is resistance.

Alternative scenario

The upside breakout of 79.2, would call for 80.6 and 81.4.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 78.7 and 79). Finally, the Litecoin / Dollar has penetrated its lower Bollinger band (78.1).

Supports and resistances

81.4 **

80.6 *

79.2 **

78.7

78.1 last

76.5

75.7 **

74.9 *

74.0 **

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