Crypto Technicals: LTC/USD resumes weakness after rejection at 21-EMA

LTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bearish

Support: 84.75 (May 23 low), 79.13 (Lower BB), 76.19 (200-DMA)

Resistance: 97.21 (5-DMA), 103.29 (21-EMA), 108.13 (55-EMA)

LTC/USD has resumed weakness after recovery attempts were capped at 21-EMA.

The pair failed to hold break above 110-EMA and has slipped lower.

Price action has broken below 5-DMA and is on track for further downside.

5-DMA has turned and MACD and DMI support weakness. RSI well below 50 and biased lower.

GMMA has shown a shift in longer-term moving averages. Pair is consolidating break below 200H SMA.

Scope for further weakness. Next major support lies at 200-DMA at 76.18. Break below will see major downside.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.