LTC/USDT – 30M – SELLThe combination moves from the ascending trendline downwards
A bearish trend down to the next support level at 69.830000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 72.090000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 69.17 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 72.090000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 73.070000000 |
| Next High | 72.090000000 |
| Current Price | 70.740000000 |
| Next Low | 69.830000000 |
| 2nd Low | 69.320000000 |
| 3rd Low | 65.270000000 |