Cryptocurrency Derivatives Series: Bakkt Becomes Pioneer To Introduce Regulated Bitcoin Option, Unveils Cash-Settled Futures Also
Digital Currency Revolution Series: ETH/USD Discounts Istanbul Hard-Fork, Bullish Prospects On The Cards
Crypto Technicals: BCH/USD extends range trade below 5-DMA, resumption of weakness to see dip till 187 (Trendline)
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
LTC/USD chart - Trading View
Exchange - Coinbase
Support: 60.12 (21-EMA); Resistance: 69.58 (110W EMA)
Technical Analysis: Bias Neutral
LTC/USD is trading largely rangebound with session high at 61.93 and low at 60.76.
Price action is capped below 5-DMA (62.10) on the upside and is holding above 21-EMA (60.12) support on the downside.
The pair remains capped below 200-hour MA on the hourly charts. Stochs are biased lower, but RSI remains flat above 50 mark.
Both major and minor trend have gone flat as shown by the GMMA indicator.
Break below 21-EMA support will see weakness. Next major support lies at 50-DMA at 57.25.
On the flipside, breakout above daily cloud negates near-term bearishness.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?