LTC/USDT – 1H – BUYThe currency pair jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 65.050000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 67.980000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 67.16262 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 67.980000000 should be noted.
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 | 67.980000000 |
| Current Price | 65.650000000 |
| Next Low | 65.050000000 |
| 2nd Low | 63.810000000 |
| 3rd Low | 61.920000000 |