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Crypto Technicals: LTC/USD finds stiff resistance at 21-EMA (58.62), breakout confirms further upside

Mon, 14 Oct 2019, 10:48 am UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 52.45 (Trendline); Resistance: 58.62 (21-EMA)

Technical Analysis: Bias Neutral

LTC/USD trades marginally higher on the day at 57.02 at 10:30 GMT, intraday bias neutral.

The pair extends sideways along 5-DMA, finds stiff resistance at 21-EMA at 58.62.

Stochs and RSI are biased higher, volatility is extremely lower and 'bullish divergence' keeps scope for upside.

Breakout at 21-EMA confirms upside, next major hurdle lies at 50-DMA at 64.11 ahead of 23.6% Fib at 72.85.

On the flipside, major support lies at 52.45 (rising trendline). Weakness only on break below.

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