LTCUSD is approaching our first resistance at 31.46 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 29.97 (horizontal swing low support). Stochastic (89,5,3) 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.