LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 78.840000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 98.490000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 83.245 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 98.490000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 98.490000000 |
| Current Price | 89.670000000 |
| Next Low | 78.840000000 |
| 2nd Low | 77.630000000 |
| 3rd Low | 71.860000000 |