LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 116.930000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 125.010000000 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 through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 115.51 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 125.010000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.900000000 |
| 2nd High | 127.210000000 |
| Next High | 125.010000000 |
| Current Price | 119.550000000 |
| Next Low | 116.930000000 |
| 2nd Low | 116.460000000 |
| 3rd Low | 106.010000000 |