LTCUSD approaching resistance, potential drop!
LTCUSD is approaching our first resistance at 58.89 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 53.67 (horizontal swing low support, 61.8%, 100% Fibonacci extension)
Stochastic (34,5,3) might be seeing a bearish divergence and is approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) might be seeing a bearish divergence and is approaching resistance where we might see a corresponding drop in price should it react off this level.
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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