LTC/USDT – 30M – BUYThe pair moves from the ascending trendline downwards
A bearish descent down to the next support at 68.730000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 69.680000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 70.12004 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 69.680000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.620000000 |
| 2nd High | 70.200000000 |
| Next High | 69.680000000 |
| Current Price | 68.900000000 |
| Next Low | 68.730000000 |
| 2nd Low | 65.270000000 |
| 3rd Low | 64.120000000 |