LTC/USDT – 1H – BUYThe combination jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 68.000000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 78.370000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 78.54852 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 78.370000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 82.780000000 |
| Next High | 78.370000000 |
| Current Price | 76.790000000 |
| Next Low | 68.000000000 |
| 2nd Low | 64.850000000 |
| 3rd Low | 64.450000000 |