Crypto Technicals: LTC/USD holds above 200H MA, shows signs of upside resumption

LTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Slightly Bullish

Support: 66.51 (200H MA); Resistance: 77.95 (38.2% Fib)

LTC/USD was trading 2.76% higher on the day at 69.71 at 09:45 GMT, after closing 2.46% lower in the previous session.

The pair has halted 3 straight sessions of downside and the correction has held above 200H MA.

Major and minor trend according to the GMMA indicator are bullish and decisive break above 5-DMA will see upside continuation.

Technical indicators are biased higher. Next major hurdle on the upside lies at 38.2% Fib at 77.95.

200H MA is immediate support at 66.51. Break below 200-DMA (61.15) negates near-term upside.

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