LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A descent down to the next support at 87.950000000 will continue.
Caution: A possible change in the direction of the resistance line at 99.230000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 91.63822 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 99.230000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.360000000 |
| 2nd High | 103.180000000 |
| Next High | 99.230000000 |
| Current Price | 96.560000000 |
| Next Low | 87.950000000 |
| 2nd Low | 87.630000000 |
| 3rd Low | 81.540000000 |