Crypto Technicals: LTC/USD rangebound above 5-DMA, intraday bias slightly bullish

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 46.42 (5-DMA); Resistance: 48.42 (200H MA)

Technical Analysis: Bias turning slightly bullish

LTC/USD is trading extremely rangebound with session high at 48.12 and low at 47.18.

The pair is consolidating break above 5-DMA and technical indicators are turning slightly bullish.

Stochs and RSI are on verge of rollover from oversold levels. MACD is also on verge of bullish crossover on signal line.

Upside in the pair finds stiff resistance at 200H SMA at 48.42. Break above will see further gains.

Next major hurdle lies at 21-EMA at 52.45. Break above targets 55-EMA at 57.01.

Trend is bearish. 5-DMA is immediate support at 46.39, retrace below will see downside resumption.

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