LTC/USDT – 1H – SELLThe combination moves from the bullish trendline downwards
A descending movement down to the next support line at 66.790000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 72.280000000 could happen.
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 is likely expected. Target of the current trend is 66.79 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 72.280000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76.190000000 |
| 2nd High | 75.880000000 |
| Next High | 72.280000000 |
| Current Price | 68.800000000 |
| Next Low | 66.790000000 |
| 2nd Low | 65.270000000 |
| 3rd Low | 64.120000000 |