Crypto Technicals: Monero fails to hold 200-DMA break, slips lower to erase most of previous session's gains
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
FxWirePro: USD/ZAR hovers around key support at 14.70 mark, sustained close below requires for downside rally
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
Cryptocurrency Derivatives Series: Despite Various Counterparts, CME Still The Front-Runner In Cryptocurrency Derivatives Marketplace
Regulatory Series on Cryptocurrencies: ‘Coinbase VP’ is now ‘CFTC’s Director of Market Oversight Division’
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 87.01 (21-EMA); Resistance: 98
Technical Analysis: Bias Bullish
LTC/USD is extending gains for the 2nd straight session, bias higher.
The pair was trading 7.69% higher on the day at 95.73 at 08:25 GMT.
Pullback in the pair has held support at 21-EMA. Weakness only on break below.
The pair has edged above 5-DMA and RSI is now showing a turn higher.
Major trend is definitely bullish, a bearish divergence on RSI on the daily charts could cap upside.
Bulls have been struggling to get past $98 mark. Breakout there could see test of $109 level.
Break below 21-EMA will see test of 50-DMA at 81.75. Bullish invalidation only below 200-DMA.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.