Crypto Technicals: LTC/USD pivotal at 200H MA (47.64), break above to open upside

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 46.70 (Hourly cloud base); Resistance: 47.64 (200H MA)

Technical Analysis: Bias Neutral to slightly bullish

LTC/USD is extending sideways grind for the 2nd consecutive session, bias neutral.

The pair is capped at 200H MA (currently at 47.64), break above will open upside for the pair.

Technical indicators on the intraday charts do not provide a clear directional bias.

Major and minor trend according to the GMMA are biased lower. Failure to break above 200H MA will see downside resumption.

Resistances for the pair align at 48.67 (78.6% Fib), 51.89 (21-EMA) and 53.58 (20-DMA).

5-DMA is immediate support at 46.86. Break below will see resumption of weakness, dip till 36.29 (88.6% Fib) likely.

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