LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 78.840000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 84.650000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 80.988 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 84.650000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 85.000000000 |
| Next High | 84.650000000 |
| Current Price | 82.560000000 |
| Next Low | 78.840000000 |
| 2nd Low | 77.630000000 |
| 3rd Low | 71.860000000 |