LTCUSD is approaching our first resistance at 32.552 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur pushing price down to our major support at 31.91 (23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance where we might see a further drop 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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