LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 41.08 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur below this level pushing price up to our major resistance at 48.47 (horizontal pullback resistance, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where 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.
Stochastic (21,5,3) is also approaching support where 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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