easyMarkets
Long

LTCUSD approaching support, potential bounce!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension ) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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