LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support line at 116.460000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 125.010000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 113.12 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 125.010000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.900000000 |
| 2nd High | 127.210000000 |
| Next High | 125.010000000 |
| Current Price | 117.530000000 |
| Next Low | 116.460000000 |
| 2nd Low | 106.010000000 |
| 3rd Low | 101.230000000 |