LTC/USD showing bearish tendencies despite upward movement - Technical Analysis

LTC/USD daily chart

• LTC/USD went up from $44.23 to $45.75 this Tuesday.
• The last session was bullish as LTC/USD found support on the upward trending line.
• The moving average convergence/divergence(MACD) shows bearish momentum.

LTC/USD 4-hour chart

• The LTC/USD 4-hour chart shows that the 50-day simple moving average (SMA 50) curve has crossed over the SMA 20 curve which indicates a sell signal.

LTC/USD hourly chart

• The 20-day Bollinger band curve shows that the hourly LTC/USD market is still trending over the SMA 20 curve.is trending in the neutral zone.
• The bears and bulls are canceling each other out as the relative strength index (RSI) curve 

Key Levels

• Resistance 3: $50.6432
• Resistance 2: $48.8978
• Resistance 1: $47.3288
• Pivot Point: $45.5833
• Support 1: $44.0143
• Support 2: $42.2688
• Support 3: $40.6998