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LTCUSD approaching resistance, potential drop!
LTCUSD is approaching our first resistance at 66.47 (horizontal overlap resistance, ascending channel resistance, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension, ascending channel support).
Stochastic (89,5,3) is also approaching our resistance and is seeing a bearish divergence where we might see a strong drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching our resistance and is seeing a bearish divergence where we might see a strong 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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