LTC/USDT – 30M – SELLThe currency pair moves from the bullish trendline down.
A bearish descent down to the next support level at 71.890000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 75.630000000 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 is certain. Target of the current trend is 72.755 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 75.630000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 76.190000000 |
| Next High | 75.630000000 |
| Current Price | 74.140000000 |
| Next Low | 71.890000000 |
| 2nd Low | 69.830000000 |
| 3rd Low | 69.320000000 |