LTC/USD chart - Trading View
Exchange - Bitfinex
Support: 71.23 (55-EMA); Resistance: 84.70 (trendline)
Technical Analysis: Bias Bullish
- LTC/USD spikes over 9% to hit 2-week highs at 84.67
- Price action has bounced off 55-EMA support, bias higher
- Technical indicators support upside. 5-DMA is biased higher
- Stochs and RSI are bullish, MACD is on verge of bullish crossover on signal line
- The pair has broken above daily cloud and 50% Fib at 84.13
- Strong trendline resistance seen at 84.70, break above eyes 61.8% Fib at 87.74
- 5-DMA is immediate support at 77.12. Break below to see weakness. Dip till 55-EMA likely
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