LTC/USDT – 30M – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 62.230000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 63.970000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 62 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 63.970000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 64.770000000 |
| 2nd High | 64.200000000 |
| Next High | 63.970000000 |
| Current Price | 62.810000000 |
| Next Low | 62.230000000 |
| 2nd Low | 62.000000000 |
| 3rd Low | 61.520000000 |