Crypto Technicals: LTC/USD bounces off 55-EMA support, hits 2-week highs above 84, bias higher

LTC/USD chart - Trading View 

Exchange - Bitfinex

Support: 71.23 (55-EMA); Resistance: 84.70 (trendline)

Technical Analysis: Bias Bullish

- LTC/USD spikes over 9% to hit 2-week highs at 84.67

- Price action has bounced off 55-EMA support, bias higher

- Technical indicators support upside. 5-DMA is biased higher

- Stochs and RSI are bullish, MACD is on verge of bullish crossover on signal line

- The pair has broken above daily cloud and 50% Fib at 84.13

- Strong trendline resistance seen at 84.70, break above eyes 61.8% Fib at 87.74

- 5-DMA is immediate support at 77.12. Break below to see weakness. Dip till 55-EMA likely

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