Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: LTC/BTC pauses at 4H 200 SMA, break above will propel the pair higher

Wed, 11 Sep 2019, 10:53 am UTC

LTC/BTC chart - Trading View

Exchange - Coinbase

Support: 0.006873 (21-EMA); Resistance: 0.007634 (50-DMA)

Technical Analysis: Bias Bullish

LTC/USD has paused upside after 5 straight sessions of gains.

'Doji' formation is seen on the daily candle at the time of writing.

The pair finds stiff resistance at 4H 200 SMA (0.007034), break above will propel the pair higher.

'Golden Cross' (bullish 50-DMA crossover on 200-DMA) on the 2H charts supports upside in the pair.

Stochs and RSI are biased higher and RSI is above 50 mark extending support to the uptrend.

Price action has broken above 20-DMA and 'Bullish Divergence' on RSI and Stochs adds upside bias.

Breakout at 4H 200 SMA eyes next major resistance at 50-DMA at 0.007634 ahead of 55-EMA at 0.007839.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,315.10 (-0.26%)
  • Ethereum (ETH) $159.74 (+0.21%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $306.34 (-1.62%)
  • Bitcoin SV (BSV) $256.78 (+0.68%)
  • Bitcoin (BTC) $8,315.10 (-0.26%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft