LTC/USDT – 1H – SELLThe currency pair moves from the ascending trendline down.
A bearish descent downwards to the next support at 63.810000000 will continue.
Caution: A possible change in the direction of the resistance level at 67.980000000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 63.49412 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 67.980000000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.320000000 |
| 2nd High | 68.590000000 |
| Next High | 67.980000000 |
| Current Price | 64.770000000 |
| Next Low | 63.810000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 61.520000000 |