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easyMarkets
Mar 27, 2019 1:45 AM

LTCUSD approaching support, potential bounce! Long

Litecoin / United States DollarCoinbase

Description

LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 63.29 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


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