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Crypto Technicals: Litecoin extends grind higher in 'Cup & Saucer' pattern, eyes $121

Tue, 14 May 2019, 10:33 am UTC

Exchange - Coinbase

Support: 73 (55-EMA); Resistance: 121 (61.8% Fib)

Technical Analysis: Bias Bullish

LTC/USD extends consolidation below $ 100 mark, finds stiff resistance at 95 (trendline)

Börse Stuttgart (SWB), second largest exchange in Germany has listed Litecoin based ETNs

Technical studies support gains in the pair, scope for further upside



GMMA indicator has shown a shift in trend as indicated by the crossover of shorter-term MAs over longer-term MAs

RSI shows strength above 60 levels, Bollinger Bands are widening, suggesting rise in volatility

Price action is extending grind higher in a 'Cup & Saucer' pattern, break above 95 to see further gains

Next bull target lies at 100 ahead of 121 (61.8% Fib). 55-EMA is strong support. Bullish invalidation only below 200-DMA

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

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  • Bitcoin (BTC) $10,240.90 (-3.34%)
  • Ethereum (ETH) $216.69 (-3.91%)
  • XRP (XRP) $0.319100 (-3.34%)
  • Litecoin (LTC) $93.91 (-5.08%)
  • Bitcoin Cash (BCH) $310.90 (-2.89%)
  • Bitcoin (BTC) $10,240.90 (-3.34%)
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