LTC/USD chart - Trading View
Exchange - Coinbase
Support: 40.80 (20-DMA); Resistance: 41.81 (21-EMA)
Technical Analysis: Bias Neutral
LTC/USD was trading 6.10% higher on the day at 41.72 at around 11:50 GMT.
The pair saw a sharp reversal from session lows of 38.74 as Litecoin tracked Bitcoin higher.
News of a US missile strike on Baghdad airport killing Iranian General Qassim Soleimani has put a bid under the King coin, dragging other cryptos along.
Correlation of crypto currency with US-Iranian geo-political escalation is mere coincidence.
A safe-haven narrative for Bitcoin cannot be ruled out as evidenced in the 2018 US-China trade war scenario.
LTC/USD move for now lacks technical conviction for any follow through.
That said, the pair is on track to form a 'Bullish Engulfing' pattern (which could drive prices higher).
Price action currently hovers around 21-EMA resistance at 41.81. Decisive break above could open near-term upside.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD moves lower on weak UK data 



