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Add as a preferred source on Google Crypto Technicals: LTC/USD bounces off 55-EMA support, scope for test of 80 LTC/USD chart - Trading View Exchange - Coinbase Support: 70.35 (55-EMA); Resistance: 80 (Trendline) Technical Analysis: Bias Bullish - Price action has bounced off 55-EMA support, bias higher - Technical indicators supp…
By FxWirePro Team May 7, 2019, 12:43 PM UTC
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LTC/USD chart - Trading View
Exchange - Coinbase
Support : 70.35 (55-EMA); Resistance : 80 (Trendline)
Technical Analysis: Bias Bullish
- 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 is holding cloud support and has bounced off with a hammer formation
- Scope for test of 80 (trendline resistance), break above eyes 81.50 (May 4th high)
- 5-DMA is immediate support at 75.95. Break below to see weakness till 55-EMA
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