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Crypto Technicals: LTC/USD recovery capped at 200H SMA, retest of 200-DMA (82.05) likely

LTC/USD chart - Trading View 

Exchange - Coinbase

Support: 82.05 (200-DMA); Resistance: 90.70 (200H SMA)

Technical Analysis: Bias Bearish

Litecoin recovery capped at 200H SMA (90.70), bias is still bearish.

The pair has resumed weakness after 2 successive days of upside.

LTC/USD was trading at 86.73, down 3.4% at 07:10 GMT.

Technical bias remains bearish and we see scope for retest of 200-DMA support.

Beach at 200-DMA will open up further downside. While breakout above 200H SMA is required for upside continuation.
 

By Anupama Grandhi
  • Market Data
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