easyMarkets
Long

LTCUSD approaching support, potential bounce!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise 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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