Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: LTC/USD pauses shy of 110-EMA, finds stiff resistance at daily cloud

Mon, 13 Jan 2020, 11:16 am UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bullish

GMMA Indicator: Major Trend - Neutral; Minor Trend - Bullish

Overbought/ Oversold Index: Overbought

Support: 48.99 (5-DMA); Resistance: 52.49 (110-EMA)

LTC/USD was trading 2.10% lower on the day at 50.39 at 11:00 GMT, bias remains bullish.

The pair has broken above falling trendline resistance and further upside in the pair was capped at daily cloud top.

Break above cloud finds next major resistance at 110-EMA at 52.49. Decisive breakout at 110-EMA to see further upside.

Technical indicators are biased higher. Volatility is rising. MACD and ADX support upside.

GMMA shows near-term trend has turned bullish with crossover of short-term MAs over long-term MAs.

Next major resistance above 110-EMA lies at 20W MA at 54.22 ahead of 21W EMA at 56.18.

5-DMA is immediate support at 48.98. Failure at 110-EMA and retrace below 21-EMA negates any bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • gismat576
  • 2020.01.14 21:13:32
Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I initially lost $404000 in just three months from Cryptoallday and a couple of others. I contacted the authorities and they referred me to Scams Rescue who helped me recover all my funds within 2 days. I'm speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum. If you have been a victim, Simply visit www scamsrescue com
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $8,884.22 (+2.10%)
  • Ethereum (ETH) $169.30 (+3.32%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $368.68 (+12.83%)
  • Bitcoin SV (BSV) $284.35 (-10.46%)
  • Bitcoin (BTC) $8,884.22 (+2.10%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft