LTC/USDT – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 63.220000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 65.910000000 should always be considered.
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 certain. Target of the current trend is 64.34336 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 65.910000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67.980000000 |
| 2nd High | 65.960000000 |
| Next High | 65.910000000 |
| Current Price | 65.380000000 |
| Next Low | 63.220000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 61.520000000 |