LTCUSD is approaching our first support at 49.28 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 51.50 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching our support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.