LTC/USDT – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 65.050000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 67.980000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 65.255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 67.980000000 could be enabled.
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 | 67.980000000 |
| Current Price | 66.190000000 |
| Next Low | 65.050000000 |
| 2nd Low | 63.810000000 |
| 3rd Low | 61.920000000 |