LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 99.230000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 87.950000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 96.995 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 99.230000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.360000000 |
| 2nd High | 103.180000000 |
| Next High | 99.230000000 |
| Current Price | 93.240000000 |
| Next Low | 87.950000000 |
| 2nd Low | 87.630000000 |
| 3rd Low | 81.540000000 |