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Feb 20, 2019 1:51 AM

LTCUSD approaching support, potential bounce!  Long

Litecoin / United States DollarCoinbase

Description

LTCUSD is approaching our first support at 44.38 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a strong bounce in price to our major resistance at 50.28 (61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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