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Crypto Technicals: Litecoin grinds lower for the 3rd straight session, scope for test of 50-DMA (81.52)

LTC/USD chart - Trading View 

Exchange - Coinbase

Support: 86 (21-EMA); Resistance: 98

Technical Analysis: Bias Slightly Bearish

LTC/USD is extending weakness for the 3rd straight session, bias lower.

The pair is trading below 5-DMA which is now showing a turn Southwards.

Price has also formed a bearish divergence on RSI on the daily charts.

Major trend is definitely bullish, a correction till 21-EMA likely. 

Further weakness will see test of 50-DMA at 81.53. Bullish invalidation only below 200-DMA.

Bulls have been struggling to get past $98 mark. Breakout there could see resumption of upside.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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June 19 03:00 UTC Released

NZRBNZ Offshore Holdings

Actual

51.3 0

Forecast

Previous

51.2 0

June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 737800737800m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737800737800m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725980725980m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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