LTC/USDT – 30M – BUYThe pair jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 67.860000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 70.200000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 71.24 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 70.200000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74.620000000 |
| 2nd High | 71.620000000 |
| Next High | 70.200000000 |
| Current Price | 70.190000000 |
| Next Low | 67.860000000 |
| 2nd Low | 65.270000000 |
| 3rd Low | 64.120000000 |