LTC/USDT – 1H – SELLThe pair goes from the ascending trendline down.
A descent downwards to the next support level at 69.600000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 74.380000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 70.585 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 74.380000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76.190000000 |
| 2nd High | 75.880000000 |
| Next High | 74.380000000 |
| Current Price | 72.460000000 |
| Next Low | 69.600000000 |
| 2nd Low | 68.000000000 |
| 3rd Low | 66.790000000 |