Crypto Technicals: LTC/USD breaks above 55-EMA, set to extend previous sessions gains

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 61.03 (55-EMA); Resistance: 60.74 (110-EMA)

Technical Analysis: Bias turning bullish

LTC/USD was extending previous session's gains, intraday bias turning slightly bullish.

The pair was trading at 62.02, up 0.99% at 05:50 GMT after closing 5.26% higher on Monday's trade.

Close above major 55-EMA resistance (60.99) on Monday's trade has raised scope for further gains.

Volatility is rising, Stochs and RSI are sharply higher and 'Bullish Divergence' supports bullish bias.

Next major hurdle aligns at cloud top at 65.26. Break above cloud will see test of 110-EMA at 64.74 ahead of 23.6% Fib at 70.53.

Major supports align at 61.03 (55-EMA), 59.72 (5-DMA) and 57.88 (21-EMA).

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