LTC/USDT – 1H – BUYThe pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 72.280000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 64.850000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 72.28 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 72.280000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.880000000 |
| 2nd High | 74.380000000 |
| Next High | 72.280000000 |
| Current Price | 71.950000000 |
| Next Low | 64.850000000 |
| 2nd Low | 64.450000000 |
| 3rd Low | 64.120000000 |