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LTC/USD chart - Trading View
Exchange - Coinbase
Support: 69.28 (5-DMA); Resistance: 73.80 (4H 200 SMA)
Technical Analysis: Intraday bias bullish
Litecoin is trading 2.95% higher on the day at 71.98 at 04:00 GMT, intraday bias is bullish.
LTC/USD hit new September highs at 73.24 before paring some gains.
Major trend is bearish, however, the pair has edged above 21-EMA raising scope for upside.
Stochs and RSI are biased higher and 'bullish divergence' on Stochs adds to the bullish bias.
Price has edged above 200H SMA and is trading above cloud and major EMAs on the hourly chart.
4H 200 SMA is strong resistance at 73.80, breakout above will confirm further gains.
Break above 4H 200 SMA (73.80) eyes 50-DMA at 79.84 ahead of 200-DMA at 86.74.
That said, 'Death Cross' could limit gains. 200-DMA breakout negates bearish bias.
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