LTC/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
A bearish trend down to the next support line at 62.390000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 65.480000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 64.68232 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 65.480000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.760000000 |
| 2nd High | 66.310000000 |
| Next High | 65.480000000 |
| Current Price | 65.460000000 |
| Next Low | 62.390000000 |
| 2nd Low | 62.230000000 |
| 3rd Low | 62.100000000 |