LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 87.080000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 91.500000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 87.27 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 91.500000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.000000000 |
| 2nd High | 93.000000000 |
| Next High | 91.500000000 |
| Current Price | 89.500000000 |
| Next Low | 87.080000000 |
| 2nd Low | 81.540000000 |
| 3rd Low | 78.840000000 |