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LTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bullish
Overbought/ Oversold Index: Overbought
Volatility: High
Support: 72.50 (200H MA); Resistance: 75.07 (5-DMA)
LTC/USD has paused upside with a Doji formation on the previous session's candle.
The pair was trading 5.87% lower on the day at 72.53 at around 09:30 GMT, bias turning slightly bearish.
Oscillators are at oversold levels and on verge of rollover into neutral. Price action has slipped below 5-DMA support.
200H MA is strong support at 72.50. Break below will see dip till 67.00 (21-EMA). Bullish invalidation only below 200-DMA.
On the flipside, resumption of upside will see major resistance at weekly cloud at 84.09.
