LTC/USDT – 1H – SELLThe pair moves from the ascending trendline down.
The bearish trend downwards to the next support level at 65.050000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 67.980000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 63.49412 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 67.980000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.320000000 |
| 2nd High | 68.590000000 |
| Next High | 67.980000000 |
| Current Price | 65.080000000 |
| Next Low | 65.050000000 |
| 2nd Low | 63.810000000 |
| 3rd Low | 61.920000000 |