Crypto Technicals: LTC/USD Technical Analysis Summary

LTC/USD chart - Trading View

Exchange - Coinbase

Major Support Levels:
S1: 72.32 (21-EMA)
S2: 69.47 (61.8% Fib)
S3: 63.87 (Sept 6 low)

Major Resistance Levels:
R1: 78.11 (55-EMA)
R2: 81.86 (23.6% Fib)
R3: 84.00 (110-EMA)

Summary: LTC/USD pared losses overnight, failed to complete the 'Bearish Engulfing' candlestick pattern. 'Hammer' formed on 19th day's candle suggests buying pressure at lows. Technical studies keep scope for upside. 55-EMA is stiff resistance at 78.11. Decisive breakout to drive prices higher.

Guidance: Good to go long on breakout at 55-EMA. Target 1: 81.86 (23.6% Fib), Target 2: 84.00 (110-EMA). Stop Loss: 74.00.

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