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Crypto Technicals: LTC/USD holds 21-EMA support, break below to see dip till 70.20

LTC/USD chart - Trading View 

Exchange - Coinbase

Support: 77.80 (21-EMA); Resistance: 86.54 (weekly cloud)

Technical Analysis: Bias Neutral

- Litecoin upside has been capped at weekly cloud. Overall market sentiment is still holding bullish
- LTC/USD is holding support at 21-EMA, break below could change the near-term equation
- RSI is above 50 levels, but Stochs are sharply lower. Technical indicators are conflicting
- Nevertheless, 'Golden Cross ' formed on the daily charts keeps scope for gains
- Break below 21-EMA will see dip till 70.20 (38.2% Fib) and then 65.78 (50-DMA)
- On the flipside, bounce off 21-EMA and close above 5-DMA accompanied by turn in Stochs and RSI will see resumption of upside
- Scope then for test of 99 levels. Break above weekly cloud base to propel the pair higher

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

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