if LTC come back to support level Around 50 USD then Have a Great opportunity For Long Position. LTC Need Cross 60 USD Level then we can see a Rally in Litecoin .
if You Satisfied With My Analysis My idea Then Dont Forgot To Like .
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Nice idea on LTCUSD. For our set up, we have identified the key resistance and support levels. Currently, price is forecasted to approach our first resistance 58.96. It is a (horizontal overlap resistance, 100%, 61.8% fibonacci extension and a 61.8% fibonacci retracement. Stochastic is approaching resistance and we might see a corresponding drop in price. If a corresponding drop does occur, we may want to take a look at the 54.96 support level. It is horizontal overlap support and a 38.2% fibonacci retracement.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.