LTCUSD is approaching our first support at 58.71 (horizontal pullback support, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 64.88 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). RSI (34) is approaching its support where a bounce off this level might see a corresponding rise 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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