LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance 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.