LTC/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A descent downwards to the next support level at 71.860000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 85.000000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 76.5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 85.000000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 85.000000000 |
| Current Price | 78.510000000 |
| Next Low | 71.860000000 |
| 2nd Low | 68.000000000 |
| 3rd Low | 64.850000000 |