LTC/USDT – 30M – BUYThe combination breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 64.770000000 is certain.
Caution: A possible trend reversal in the direction of the support line at 61.970000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 65.255 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 64.770000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.320000000 |
| 2nd High | 68.590000000 |
| Next High | 64.770000000 |
| Current Price | 64.380000000 |
| Next Low | 61.970000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 61.520000000 |