LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 97.540000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 105.980000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 96.62 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 105.980000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 105.980000000 |
| Current Price | 100.770000000 |
| Next Low | 97.540000000 |
| 2nd Low | 96.620000000 |
| 3rd Low | 93.660000000 |