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Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 91.81 (5-DMA); Resistance: 106.32 (21-EMA)
Technical Analysis: Bias Bearish
LTC/USD pauses upside at 110-EMA, bias is bearish.
The pair is trading 3.95% lower on the day at 97.39 at 09:15 GMT.
Correction has held above 200-DMA support and further weakness only on break below.
Stochs and RSI have rolled over from oversold levels and Stochastics RSI is also biased higher.
Further upside likely on decisive break above 110-EMA. Next major hurdle lies at daily cloud.
Break above eyes 50-DMA at 119.10. Rejection at 110-EMA will see test of 200-DMA.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.