LTC/USDT – 1H – SELLThe combination goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 63.220000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 65.960000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 64.34336 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 65.960000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68.590000000 |
| 2nd High | 67.980000000 |
| Next High | 65.960000000 |
| Current Price | 65.080000000 |
| Next Low | 63.220000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 61.520000000 |