LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 49.28 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 51.50 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is approaching our support where we might see a corresponding bounce 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 approaching our support where we might see a corresponding bounce 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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