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Litecoin has reached our support as expected, prepare for bounce

Por Tickmill
Corretora

Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyHarmonic PatternsLitecoin (Cryptocurrency)litecoinlonglitecoinshortLTCUSDltcusdidealtcusdlongltcusdshortTrend Analysis
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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