LTC/USDT – 4H – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 62.100000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 66.760000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 61.61824 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 66.760000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67.990000000 |
| 2nd High | 67.000000000 |
| Next High | 66.760000000 |
| Current Price | 63.270000000 |
| Next Low | 62.100000000 |
| 2nd Low | 60.130000000 |
| 3rd Low | 59.650000000 |