Crypto Technicals: Litecoin ends consolidation, breaks above 200-H SMA

Fibo Quantum

Crypto Technicals: Litecoin ends consolidation, breaks above 200-H SMA

LTC/USD chart – Trading View

Exchange – Coinbase

Support: 90.52 (5-DMA); Resistance: 93.84 (20-DMA)

Technical Analysis: Bias Neutral

LTC/USD ends consolidation after successive doji formations in the previous 2 sessions.

The pair trades 3.07% higher at 93.10 at 10:55 GMT. Bias is turning slightly bullish on the intraday charts.

Price action has broken above 200-H SMA and 5-DMA, hovers shy of 20-DMA (93.84).

Breakout above 20-DMA will see further gains. Next major resistance lies at 21-EMA at 97.02.

Major trend is bearish. Upside will likely be limited. Break above 50-DMA could tilt the bias to bullish again.

For details on FxWirePro’s Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

<Copyright © TokenPost. All Rights Reserved. >