LTC/USDT – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish trend up to the next resistance level at 66.310000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 62.230000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 64.43 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 66.310000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67.000000000 |
| 2nd High | 66.760000000 |
| Next High | 66.310000000 |
| Current Price | 63.880000000 |
| Next Low | 62.230000000 |
| 2nd Low | 62.100000000 |
| 3rd Low | 61.520000000 |