Litecoin / Dollar may fall to 62.3 - 67.0

82.9 is our pivot point.

Our preference

The downside prevails as long as 82.9 is resistance.

Alternative scenario

The upside breakout of 82.9, would call for 91 and 95.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 80.7 and 81.9).

Supports and resistances

95.7 **

91.0 *

82.9 **

79.8

76.6 last

67.0

62.3 **

57.5 *

52.7 **

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