# Crypto Technicals: LTC/USD extends sideways above 55-EMA (70.50), bias neutral

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/investing/1817
Published: 2019-05-09T10:48:32.000Z
Updated: 2019-05-09T10:48:32.000Z
Section: Investing

> LTC/USD chart - Trading View Exchange - Coinbase Support: 70.50 (55-EMA); Resistance: 79 (Trendline) Technical Analysis: Bias Neutral - LTC/USD extends sideways grind, finds strong support at 55-EMA and daily cloud - …

[LTC/USD](<https://www.tradingview.com/symbols/LTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 70.50 (55-EMA); Resistance: 79 (Trendline)

Technical Analysis: Bias Neutral

- LTC/USD extends sideways grind, finds strong support at 55-EMA and daily cloud

- Technical indicators are biased neutral, RSI flatlined around 50 mark

- The pair is extending retrace from near $100 mark (hit $ 99.89 on Apr 3rd trade)

- Break below 55-EMA and daily cloud will see further weakness. Dip till 50% Fib at 61 then likely

- Upside momentum is likely to gain traction only above $79 mark (strong trendline resistance)

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [LTC/USD](https://www.tradingview.com/symbols/LTCUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)