LTC/USDT – 1H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 64.450000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 67.740000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 64.45 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 67.740000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74.380000000 |
| 2nd High | 71.250000000 |
| Next High | 67.740000000 |
| Current Price | 66.120000000 |
| Next Low | 64.450000000 |
| 2nd Low | 64.120000000 |
| 3rd Low | 63.220000000 |