LTC/USD daily chart

 LTC/USD daily chart

Gate Trade LTC Saturday, May 16, 2020 998 0

The rebound off the critical support at $39 is facing resistance at the 20-day EMA ($44.42). This suggests that buying dries up at higher levels

 

On the upside, if the bulls can push the price above the 20-day EMA, a move to the downtrend line and then to $50.7864-$52.2803 zone is possible