Litecoin Price Analysis: LTC is right at the influential 55 EMA

Litecoin is trading nearly 1% higher as crypto sentiment remains firm.
The 55 Exponential Moving Average (EMA) has been used to great effect in the fast.

LTC/USD daily chart

Litecoin is having a good session on Thursday and trades almost 1% higher on the session. The main feature on the chart below is the fact that the price is heading toward the 55 EMA once again. Historically the price has reacted well and the EMA has been used as support and resistance many times.

The MACD is also looking more positive and the histogram looks like it's about to move above the zero line. The signal lines are also above the zero level which is also a bullish sign. The Relative Strength Index is also looking more positive as it has moved have the 50 mid-line and there is lots of space to move to the upside. Technically this is still a firm downtrend but we will need to see how far this correction can carry the pair.

Additional levels

LTC/USD

Overview
Today last price	44.2797
Today Daily Change	0.4064
Today Daily Change %	0.93
Today daily open	43.8733

Trends
Daily SMA20	43.7414
Daily SMA50	44.0662
Daily SMA100	46.982
Daily SMA200	50.3676

Levels
Previous Daily High	43.993
Previous Daily Low	42.253
Previous Weekly High	47.0866
Previous Weekly Low	41.5866
Previous Monthly High	50.8723
Previous Monthly Low	37.1813
Daily Fibonacci 38.2%	43.3283
Daily Fibonacci 61.8%	42.9177
Daily Pivot Point S1	42.7532
Daily Pivot Point S2	41.6331
Daily Pivot Point S3	41.0132
Daily Pivot Point R1	44.4932
Daily Pivot Point R2	45.1131
Daily Pivot Point R3	46.2332

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