LTC/USD: LTC fell to its 500 EMA at 52.770; critical resistance at 53.535
|LTC/USD: LTC fell to its 500 EMA at 52.770; critical resistance at 53.535
What is going on with LTC/USD?
LTC/USD: LTC attempted to reach 56.090 in yesterdays session but failed and fell to my estimated support at 52.770. The pair is currently attempting to bounce at 52.770 support and could continue to the upside if it breaks and maintain its position above 53.535. LTC could continue further down to 52.035 and 51.340 if it fails to hold at 52.770 support
Support/ Short - 52.770, 52.035, and 51.340
Resistance/Long - 53.535, 54.135, 55.065, and 56.090
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Chart 1: The short-term view of the LTC/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the LTC/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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