easyMarkets
Short

LTCUSD testing resistance, potential big drop upcoming!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension , 23.6%, 38.2% Fibonacci retracement ) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension ). Stochastic is also approaching resistance where we might see a corresponding drop in price.
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