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Crypto Technicals: LTC/USD trades below 5-DMA, dip till 110-EMA (53.17) likely

LTC/USD chart - Trading View 

Exchange - Coinbase

Technical Analysis: Bias Neutral

Support: 56.20 (200H MA); Resistance: 58.40 (5-DMA)

LTC/USD trades weaker for the 3rd consecutive session, slips below 5-DMA, bias is turning bearish.

The pair was trading 1.23% lower at 56.86 at around 10:45 GMT, after closing 2.88% lower in the previous session.

Price action has slipped below 5-DMA, technical indicators are turning bearish.

Stochs and RSI have turned and are on verge of rollover from overbought levels.

200H MA is offering strong support (currently at 56.20). The pair is extending sideways.

Break below 200H MA will see further weakness. Dip till 110-EMA at 53.17 then likely.

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