LTC/USD chart - Trading View
Exchange - Coinbase
Support: 40.80 (20-DMA); Resistance: 41.81 (21-EMA)
Technical Analysis: Bias Neutral
LTC/USD was trading 6.10% higher on the day at 41.72 at around 11:50 GMT.
The pair saw a sharp reversal from session lows of 38.74 as Litecoin tracked Bitcoin higher.
News of a US missile strike on Baghdad airport killing Iranian General Qassim Soleimani has put a bid under the King coin, dragging other cryptos along.
Correlation of crypto currency with US-Iranian geo-political escalation is mere coincidence.
A safe-haven narrative for Bitcoin cannot be ruled out as evidenced in the 2018 US-China trade war scenario.
LTC/USD move for now lacks technical conviction for any follow through.
That said, the pair is on track to form a 'Bullish Engulfing' pattern (which could drive prices higher).
Price action currently hovers around 21-EMA resistance at 41.81. Decisive break above could open near-term upside.


FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



