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LTCUSD is approaching resistance, potential drop!
LTCUSD is approaching our first resistance at 50.38 (horizontal pullback resistance, 38.2%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 47.19 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also approaching resistance and we might see a corresponding 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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