Crypto Technicals: LTC/BTC pauses at 4H 200 SMA, break above will propel the pair higher
LTC/BTC chart – Trading View
Exchange – Coinbase
Support: 0.006873 (21-EMA); Resistance: 0.007634 (50-DMA)
Technical Analysis: Bias Bullish
LTC/USD has paused upside after 5 straight sessions of gains.
‘Doji’ formation is seen on the daily candle at the time of writing.
The pair finds stiff resistance at 4H 200 SMA (0.007034), break above will propel the pair higher.
‘Golden Cross’ (bullish 50-DMA crossover on 200-DMA) on the 2H charts supports upside in the pair.
Stochs and RSI are biased higher and RSI is above 50 mark extending support to the uptrend.
Price action has broken above 20-DMA and ‘Bullish Divergence’ on RSI and Stochs adds upside bias.
Breakout at 4H 200 SMA eyes next major resistance at 50-DMA at 0.007634 ahead of 55-EMA at 0.007839.
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