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Crypto Technicals: LTC/USD pauses upside at 21-EMA resistance (59.80), break above required for further gains

Thu, 10 Oct 2019, 05:55 am UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 57.47 (5-DMA); Resistance: 59.80 (21-EMA)

Technical Analysis: Bias slightly bullish

LTC/USD is trading largely rangebound on the day at 59.02 at 05:25 GMT, bias turning bullish.

The pair has paused upside at 21-EMA at 59.80, break above to fuel further gains.

Major trend remains bearish as shown by GMMA indicator, but momentum studies on the intraday charts are bullish.

MACD shows bullish crossover on signal line and Stochs are sharply higher.

Break above 21-EMA (59.80) will see test of 55-EMA at 67.74 ahead of 23.6% Fib at 72.85.

Rejection at 21-EMA and break below 5-DMA to see more weakness.

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