LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at 97.360000000 will persist.
Caution: A possible change in the direction of resistance at 117.380000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 96.83 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 117.380000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 100.450000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |