easyMarkets
Long

LTCUSD approaching support, potential bounce!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTCUSD is approaching our first support at 56.70 (horizontal swing low support, ascending channel support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) and a strong bounce might occur above this level pushing price up to our major resistance at 67.37 (100% Fibonacci extension ).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Comments

Thanks, you are very helpful!
+1 Reply
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