LTC/USDT – 4H – SELLThe currency pair jumps from the bullish trendline downwards
A descent downwards to the next support at 65.630000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 71.520000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 65.825 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 71.520000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 71.520000000 |
| Current Price | 67.610000000 |
| Next Low | 65.630000000 |
| 2nd Low | 64.330000000 |
| 3rd Low | 62.100000000 |