LTCUSD approaching resistance, potential drop!
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.
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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