easyMarkets

LTCUSD approaching support, potential rise!

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BITFINEX:LTCUSD   Litecoin
LTCUSD is approaching our first support at 29.91 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension x2) where a strong rise might occur above this level pushing price to our major resistance at 32.60 (61.8% Fibonacci extension , 38.2% Fibonacci retracement).

Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.

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