Cryptocurrency Derivatives Series: Bitcoin Flirts With Technical Supports & Drifts In Sideways, Uphold Long Hedges
Crypto-Technicals: Bitcoin Flirts Shy Of $10k As bears Drifts In Sideways After Hanging Man – Trading & Hedging Setup
Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Digital Currency/Stablecoin/Tokenization Series: Crypto Garage Launches Yen-Pegged Stablecoin On ‘SETTLENET’
Digital Currency Revolution Series: Ethereum Bulls Halt At $250 But All Set To Take-Off, What Drives Further Upside Journey?
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 91.81 (5-DMA); Resistance: 106.32 (21-EMA)
Technical Analysis: Bias Bearish
LTC/USD pauses upside at 110-EMA, bias is bearish.
The pair is trading 3.95% lower on the day at 97.39 at 09:15 GMT.
Correction has held above 200-DMA support and further weakness only on break below.
Stochs and RSI have rolled over from oversold levels and Stochastics RSI is also biased higher.
Further upside likely on decisive break above 110-EMA. Next major hurdle lies at daily cloud.
Break above eyes 50-DMA at 119.10. Rejection at 110-EMA will see test of 200-DMA.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.