LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support at 97.540000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 101.800000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 98.67 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 101.800000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 101.800000000 |
| Current Price | 97.570000000 |
| Next Low | 97.540000000 |
| 2nd Low | 96.620000000 |
| 3rd Low | 93.660000000 |