LTC/USDT – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 62.000000000 will continue.
Caution: A possible change in the direction of the resistance level at 64.770000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 62 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 64.770000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.320000000 |
| 2nd High | 68.590000000 |
| Next High | 64.770000000 |
| Current Price | 62.930000000 |
| Next Low | 62.000000000 |
| 2nd Low | 61.520000000 |
| 3rd Low | 60.130000000 |