• Thu, 17 Oct 2019, 10:39 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh

Thu, 19 Sep 2019, 08:18 am UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 71.72 (21-EMA); Resistance: 78.10 (55-EMA)

Technical Analysis: Bias turning bearish

LTC/USD was trading 4.95% lower on the day at 73.90 at 07:55 GMT, bias is turning bearish.

The pair is struggling to break past stiff resistance at 55-EMA at 78.09, 'Death Cross' keeps upside limited.

Price action is on track to form a 'Bearish Engulfing' pattern on the daily chart which might plummet prices.

Further, oscillators are in overbought territory, ripe for roll-back into neutral zone.

Major trend is bearish and Stochastics RSI is also at highly overbought levels.

21-EMA is immediate support at 71.70, break below will see dip till lower Bollinger band at 63.09.

On the flipside, breakout above 55-EMA (78.10) required for upside continuation.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,111.00 (-0.65%)
  • Ethereum (ETH) $177.92 (-0.92%)
  • XRP (XRP) $0.297100 (+2.61%)
  • Bitcoin Cash (BCH) $219.65 (-1.54%)
  • Litecoin (LTC) $53.88 (-1.80%)
  • Bitcoin (BTC) $8,111.00 (-0.65%)
Oct 17, 2019 (Thursday)
09:32
Burj Khalifa owner Emaar taps JPMorgan’s Quorum blockchain for new rewards and loyalty platform
07:42
Towo Labs secures investment from Xpring to develop XRP hardware wallet firmware
07:22
Crypto Technicals: Bitcoin cash (BCH) finds strong support at 208.85, break below to strengthen bearish bias
07:03
US Fed actively looking and debating digital currency issuance: Dallas Fed President Robert Kaplan
07:03
Crypto Technicals: LTC/USD pauses at trendline support (52), further weakness on charts
05:50
EY launches blockchain solution to enhance public fund management
05:49
Crypto Technicals: ETH/USD set to extend weakness, eyes trendline support at 158
04:43
Crypto Technicals: BTC/USD finds major support at 55W EMA (7762), break below to plummet prices
04:39
Natixis, Raiffeisen Bank and others participate in global tokenised collateral trial on R3’s Corda
Oct 16, 2019 (Wednesday)
14:31
Bermuda starts accepting stablecoin ‘USDC’ for tax payments
13:19
Oxford English Dictionary officially adds ‘satoshi’
11:26
Crypto Technicals: XMR/USD holds above trendline support, 'Bullish Divergence' raises scope for upside
11:17
South Korea seeks to transform trade finance using blockchain technology by 2021
10:43
Crypto Technicals: XRP/USD finds stiff resistance at 21W-EMA (0.3008), break above to accentuate gains
09:51
Layer1 raises $50M from Peter Thiel and others to build bitcoin mining facility in Texas
08:39
Crypto Technicals: LTC/USD consolidates break below 20-DMA, on track to test trendline support at 52.25
07:41
Ford trials geofencing and blockchain technology to optimize energy efficiency of vehicles
06:54
India's YES Bank wants to lure more clients for its next planned blockchain model
06:52
Crypto Technicals: ETH/USD hovers around 20-DMA, break below will support further weakness
05:43
SEC solicits comments on Wilshire Phoenix Bitcoin and T-Bills ETF proposal
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft