LTC/USDT – 4H – BUYThe currency pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 63.220000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 74.380000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 69.055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 74.380000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 76.190000000 |
| Next High | 74.380000000 |
| Current Price | 66.090000000 |
| Next Low | 63.220000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 60.130000000 |