Crypto Technicals: LTC/USD extends range trade, shows no clear directional bias

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 57.16 (21-EMA); Resistance: 60.88 (55-EMA)

Technical Analysis: Bias Neutral

LTC/USD is trading in an extremely narrow range, bias remains neutral.

Sideways grind is likely to extend, technical studies show no clear directional bias.

The pair was trading largely muted at 58.13 at 06:00 GMT, with session high at 58.62 and low at 57.96.

Major trend is bearish and minor uptrend has fizzled out at 55-EMA resistance. Price capped below cloud.

'Bullish divergence' fails to create upside momentum. Any further gains only on break above daily cloud.

Immediate support is seen at 21-EMA at 57.16. Retrace below will see downside resumption. Dip til 78.6% Fib at 48.67 likely.

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