LTC/USDT – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 71.250000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 64.450000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 69.7948 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 71.250000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.880000000 |
| 2nd High | 74.380000000 |
| Next High | 71.250000000 |
| Current Price | 68.940000000 |
| Next Low | 64.450000000 |
| 2nd Low | 64.120000000 |
| 3rd Low | 63.220000000 |