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LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 58.58 (horizontal overlap support, 61.8% Fibonacci retracement, ascending channel support) where we might see a corresponding bounce in price, pushing price to its major resistance at 67.37 (100% Fibonacci extension).
Stochastic (21,5,3) is also approaching our first support and we 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.
Stochastic (21,5,3) is also approaching our first support and we 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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Come join us today at : easymarkets.com/
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