LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 115.380000000 will continue.
Caution: A possible change in the direction of the resistance zone at 124.030000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 116.87488 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 124.030000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.900000000 |
| 2nd High | 125.340000000 |
| Next High | 124.030000000 |
| Current Price | 117.990000000 |
| Next Low | 115.380000000 |
| 2nd Low | 114.260000000 |
| 3rd Low | 101.230000000 |