LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A descent down to the next support level at 114.260000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 125.340000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 119.8 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 125.340000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 138.670000000 |
| 2nd High | 135.900000000 |
| Next High | 125.340000000 |
| Current Price | 120.450000000 |
| Next Low | 114.260000000 |
| 2nd Low | 101.230000000 |
| 3rd Low | 100.560000000 |