LTC/USDT – 1H – SELLThe currency pair moves from the ascending trendline down.
A descent down to the next support line at 65.910000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 67.850000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 65.40428 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 67.850000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69.420000000 |
| 2nd High | 69.350000000 |
| Next High | 67.850000000 |
| Current Price | 65.920000000 |
| Next Low | 65.910000000 |
| 2nd Low | 65.660000000 |
| 3rd Low | 64.330000000 |