Crypto-Technicals: ETH/USD Stalls On Hanging Man, Bulls Eyeing On Breakout Of 100-EMAs, Hedging Perspectives For Upside Risks
Digital Currency Revolution Series: Gemini Designates Ex-Goldman Sachs Executive As MD For APAC Region
Cryptocurrency Derivatives Series: Bitcoin Price Dynamics And Hedging Strategy Ahead of Options Expiry Season
Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
Cryptocurrency Derivatives Series: Brazil’s SEC CVM Orders Cryptocurrency-Exchange Binance To Stop Futures Trading
Digital Currency Revolution Series: US CFTC Recognizes Digital Transformation And Hints Holistic Framework On Digital Assets
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Crypto Technicals: LTC/USD recovery capped at 21-EMA (59.48), break above negates near-term bearish bias
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 57.53 (50-DMA); Resistance: 59.48 (21-EMA)
Technical Analysis: Bias Neutral to slightly bearish
LTC/USD halts 2 sessions of gains, trades rangebound between 5-DMA and 21-EMA.
The pair was trading 0.86% lower at 58.69 at 04:40 GMT with session high at 59.30 and low at 58.48.
Recovery failed to break past 200H SMA, finds series of resistance upto 60.82 (55-EMA).
Major trend remains bearish and volatility is low. Break below 50-DMA will see weakness.
Stochs are at oversold territory and combined with 'bullish divergence' keeps scope for upside.
Break above 21-EMA eyes test of 55-EMA at 60.83. Break above 100-DMA (63.88) will see upside continuation.