LTC/USDT – 1H – SELLThe pair moves from the ascending trendline down.
A descending movement downwards to the next support at 65.630000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 69.350000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 68.55392 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 69.350000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 69.420000000 |
| Next High | 69.350000000 |
| Current Price | 68.880000000 |
| Next Low | 65.630000000 |
| 2nd Low | 64.330000000 |
| 3rd Low | 62.390000000 |