LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 91.530000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 103.180000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 100.50248 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 103.180000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 106.360000000 |
| Next High | 103.180000000 |
| Current Price | 95.680000000 |
| Next Low | 91.530000000 |
| 2nd Low | 87.630000000 |
| 3rd Low | 81.540000000 |