LTC/USDT – 1H – SELLThe pair goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 65.630000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 70.180000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 66.89046 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 70.180000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 71.520000000 |
| Next High | 70.180000000 |
| Current Price | 67.880000000 |
| Next Low | 65.630000000 |
| 2nd Low | 64.330000000 |
| 3rd Low | 62.390000000 |