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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.
 

By Anupama Grandhi
  • Market Data
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