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Crypto Technicals: LTC/USD breaks trendline resistance at 110, hits new 11-month high

Monday, May 27, 2019 10:43 AM UTC

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 110 (trendline); Resistance: 121.16 (61.8% Fib)

Technical Analysis: Bias Bullish

LTC/USD extends gains, trades 1.38% higher at 114.31 at 10:35 GMT.

The pair has broken above major trendline resistance at 110, bias higher.

Volatility is rising, momentum is with the bulls, RSI is above 70, bias higher.

Price action extends gains in a 'Cup and Handle' pattern. Next bull target lies at 61.8% Fib at 121.16.

55-EMA is major support at 82.33. Bullish invalidation below 200-DMA.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: LTC/USD breaks trendline resistance at 110, hits new 11-month high

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