LTC/USDT – 4H – BUYThe currency pair moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 63.220000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 76.190000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 72.82228 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 76.190000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 76.190000000 |
| Current Price | 69.820000000 |
| Next Low | 63.220000000 |
| 2nd Low | 61.920000000 |
| 3rd Low | 60.130000000 |