LTCUSD is approaching our first resistance at 58.96 (horizontal overlap resistance, 100%, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 54.96 (horizontal overlap support, 38.2% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop 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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