LTC/USDT – 4H – SELLThe pair goes from the bullish trendline down.
A bearish descent down to the next support at 64.330000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 71.520000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 62.56746 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 71.520000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 71.520000000 |
| Current Price | 64.620000000 |
| Next Low | 64.330000000 |
| 2nd Low | 62.100000000 |
| 3rd Low | 60.130000000 |