The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 99.350000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 106.510000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 102.05928 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 106.510000000 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 110.670000000 |
2nd High | 110.350000000 |
Next High | 106.510000000 |
Current Price | 99.820000000 |
Next Low | 99.350000000 |
2nd Low | 97.540000000 |
3rd Low | 96.620000000 |