LTCUSD is approaching our first resistance at 31.89 (100% Fibonacci extension, 23.6% & 61.8% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 27.44 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching our resistance where we might see a potential reversal below this level.
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