LTC/USDT – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 65.660000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 69.350000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 65.40428 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 69.350000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 69.420000000 |
| Next High | 69.350000000 |
| Current Price | 66.490000000 |
| Next Low | 65.660000000 |
| 2nd Low | 64.330000000 |
| 3rd Low | 62.390000000 |