Litecoin LTC technical analysis

LTC is in an uptrend on the daily timeframe, with price above the SMA20 of 51.49 and the SMA200 of 50.4433. Momentum is moderate, with RSI at 66 on the daily and 51 on the 4h, while price sits just below the 4h SMA20 of 54.7155.

The immediate battle is between the 4h support zone of 52.99-54.19, which has 7 touches, and the 4h resistance of 55.3185-55.4815, which has 2 touches. Price is currently below the 1D resistance of 54.6185-54.7815, and the 4h rising trendline at ~52.2754 holds as the key lower bound.

Bulls need to reclaim the 4h SMA20 at 54.7155 and push above the 4h resistance at 55.3185-55.4815 to open a path toward 56.1785-56.3415. Bears must break the 4h rising trendline and hold price under the 4h support zone of 52.99-54.19 to target the deeper support at 51.7885-51.9515.