LTC/USDT – 1H – SELLThe currency pair moves from the ascending trendline downwards
A bearish descent downwards to the next support level at 70.100000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 75.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 69.32 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 75.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 76.190000000 |
| Next High | 75.880000000 |
| Current Price | 70.420000000 |
| Next Low | 70.100000000 |
| 2nd Low | 69.320000000 |
| 3rd Low | 65.270000000 |