Crypto Technicals: LTC/USD holds 50-DMA support, break below required for further downside

LTC/USD chart - Trading View 

Exchange - Bitfinex

Support: 70.91 (50-DMA); Resistance: 77.21 (21-EMA)

Technical Analysis: Bias Neutral to slightly Bearish

- Litecoin has bounced off 50-DMA support at 70.91, weakness only on break below

- The pair trades 4.02% higher on the day at 74.63 at 1315 GMT

- Upside remains capped below 21-EMA and break above could see test of 20-DMA

- Technical indicators show a neutral to slightly bearish bias, but decisive break below 50-DMA required for further downside.

- Break below 50-DMA eyes 50% Fib at 60.98. Bearish invalidation above 20-DMA 

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