LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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