LTC/USDT – 1H – SELLThe pair goes from the ascending trendline downwards
A descent down to the next support level at 64.850000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 72.280000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 70.43212 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 72.280000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.880000000 |
| 2nd High | 74.380000000 |
| Next High | 72.280000000 |
| Current Price | 70.930000000 |
| Next Low | 64.850000000 |
| 2nd Low | 64.450000000 |
| 3rd Low | 64.120000000 |