LTC/USDT – 4H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A descent down to the next support level at 81.540000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 106.360000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 85.405 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 106.360000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106.360000000 |
| Current Price | 95.530000000 |
| Next Low | 81.540000000 |
| 2nd Low | 68.000000000 |
| 3rd Low | 64.450000000 |