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Crypto Technicals: LTC/USD resumes weakness after rejection at 21-EMA
LTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bearish
Support: 84.75 (May 23 low), 79.13 (Lower BB), 76.19 (200-DMA)
Resistance: 97.21 (5-DMA), 103.29 (21-EMA), 108.13 (55-EMA)
LTC/USD has resumed weakness after recovery attempts were capped at 21-EMA.
The pair failed to hold break above 110-EMA and has slipped lower.
Price action has broken below 5-DMA and is on track for further downside.
5-DMA has turned and MACD and DMI support weakness. RSI well below 50 and biased lower.
GMMA has shown a shift in longer-term moving averages. Pair is consolidating break below 200H SMA.
Scope for further weakness. Next major support lies at 200-DMA at 76.18. Break below will see major downside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.