LTC/USDT – 4H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A descent downwards to the next support line at 96.620000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 110.830000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 87.95 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 110.830000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 125.340000000 |
| 2nd High | 124.030000000 |
| Next High | 110.830000000 |
| Current Price | 100.540000000 |
| Next Low | 96.620000000 |
| 2nd Low | 87.950000000 |
| 3rd Low | 81.540000000 |