LTC/USD chart - Trading View
Exchange - Coinbase
Support: 44.08 (50-DMA); Resistance: 48.02 (Cloud base)
Technical Analysis: Bias Bullish
LTC/USD pauses 4-day winning streak at 55-EMA resistance, bias remains bullish.
The pair was trading largely muted at 45.30, down 1.07% at around 07:10 GMT.
Price action is consolidating break above 21-EMA, rising volatility could drive prices higher.
Stochs are biased higher and RSI is above 50. Break above 55-EMA will see upside continuation.
Next major resistance lies at 51.15 (falling trendline) ahead of 110-EMA at 52.94.
Major trend is still bearish. Failure at 55-EMA will see strong support at 21-EMA at 42.66. Retrace below 21-EMA to see bearish resumption.
