LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 131.800000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 135.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 132.10724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 135.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 138.670000000 |
| 2nd High | 135.100000000 |
| Next High | 135.000000000 |
| Current Price | 131.880000000 |
| Next Low | 131.800000000 |
| 2nd Low | 130.080000000 |
| 3rd Low | 130.000000000 |