LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish movement down to the next support at 101.080000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 110.350000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 103.381 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 110.350000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.830000000 |
| 2nd High | 110.670000000 |
| Next High | 110.350000000 |
| Current Price | 104.590000000 |
| Next Low | 101.080000000 |
| 2nd Low | 99.460000000 |
| 3rd Low | 97.540000000 |