Crypto Technicals: LTC/USD extends sideways above 55-EMA (70.50), bias neutral

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 70.50 (55-EMA); Resistance: 79 (Trendline)

Technical Analysis: Bias Neutral

- LTC/USD extends sideways grind, finds strong support at 55-EMA and daily cloud

- Technical indicators are biased neutral, RSI flatlined around 50 mark

- The pair is extending retrace from near $100 mark (hit $ 99.89 on Apr 3rd trade)

- Break below 55-EMA and daily cloud will see further weakness. Dip till 50% Fib at 61 then likely

- Upside momentum is likely to gain traction only above $79 mark (strong trendline resistance)

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