LTCUSD approaching support, potential bounce!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTCUSD is approaching our first support at 41.21 (horizontal pullback resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong bounce might occur below this level pushing price up to our major resistance at 44.33 (horizontal swing high resistance, 61.8% Fibonacci retracement ).
Stochastic (21,5,3) is also approaching support where we might see a corresponding drop 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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