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LTC/USD: LTC fell to its 500 EMA at 52.770; critical resistance at 53.535

Denis Joeli Fatiaki Independent Analyst

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

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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