LTCUSD approaching support, big upcoming bounce!
LTCUSD is approaching our first support at 61.10 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above our first support level to our first resistance level at 84.36 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is approaching support where we might see a corresponding bounce in price.
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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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