LTC/USDT – 1H – SELLThe combination moves from the bullish trendline down.
A bearish movement downwards to the next support line at 64.120000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 67.980000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 65.6 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 67.980000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.320000000 |
| 2nd High | 68.590000000 |
| Next High | 67.980000000 |
| Current Price | 66.650000000 |
| Next Low | 64.120000000 |
| 2nd Low | 63.220000000 |
| 3rd Low | 61.920000000 |