easyMarkets
Long

LTCUSD approaching support, potential bounce!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTCUSD is approaching our first support at 41.08 (horizontal pullback support, 61.8% Fibonacci extension , 23.6% fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 48.47 (100% Fibonacci extension ).
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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