LTC/USDT – 30M – SELLThe combination jumps from the ascending trendline down.
A descending movement downwards to the next support line at 62.770000000 is likely expected.
Caution: A possible change in the direction of resistance at 64.350000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 63.225 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 64.350000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.760000000 |
| 2nd High | 66.310000000 |
| Next High | 64.350000000 |
| Current Price | 63.490000000 |
| Next Low | 62.770000000 |
| 2nd Low | 62.230000000 |
| 3rd Low | 62.100000000 |