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 - EconoTimes)
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 56.61 (21-EMA); Resistance: 61.27 (55-EMA)
Technical Analysis: Bias Neutral
LTC/USD is extending sideways trade, remains capped below 55-EMA, bias neutral.
The pair was trading largely muted at 58.14 at 07:45 GMT, with session high at 59.17 and low at 57.40.
Daily cloud and 55-EMA offer stiff resistance, any further gains only on break above.
Major trend is bearish and minor uptrend has fizzled out at 55-EMA resistance. 'Bullish divergence' fails to create upside momentum.
Immediate support is seen at 21-EMA at 56.61. Retrace below will see downside resumption.
Break above cloud will support bullish bias. Next major hurdle lies at 23.6% Fib at 70.53. Further bullishness could see test of 200-DMA at 86.04.
