Crypto Technicals: LTC/USD rangebound at 20-DMA support (40.97), bias bearish

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 40.97 (20-DMA); Resistance: 41.99 (21-EMA)

Technical Analysis: Bias Bearish

LTC/USD is trading in an extremely narrow range with session high at 41.56 and low at 40.97.

Price action remains capped between 21-EMA (41.99) and 20-DMA (40.97), bias remains bearish.

RSI is flat. but remains below the 50 mark. Stochs are on verge of rollover from overbought levels.

Price action has slipped below 200H MA and break below 20-DMA (40.97) will drag the pair lower.

Immediate support below 20-DMA lies at 2H 200 MA at 40.72, while, major support lies at 88.6% Fib at 36.29.

21-EMA (41.99) is immediate resistance. Major trend is bearish. Break above 21-EMA could see minor upside.

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