Crypto Technicals: LTC/USD extends gains above 5-DMA, eyes 38.2% Fib at 77.95

LTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bullish

Support: 71.63 (5-DMA); Resistance: 77.95 (38.2% Fib)

LTC/USD was trading 1.74% higher at 74.73 at around 11:15 GMT, after closing 1.23% higher in the previous session.

Price action is above daily cloud and major moving averages, bias strongly bullish.

Major and minor trend as evidenced by GMMA is bullish. Parabolic SAR supports upside.

The pair eyes next immediate resistance at 77.95 (38.2% Fib). Further bullishness can see test of weekly cloud at 102.06.

5-DMA is immediate support at 71.55. Break below 200-DMA (60.93) negates near-term upside.

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