LTCUSD is approaching our first support at 67.16 (161.8% Fibonacci retracement, Elliot wave structure) where a strong bounce might occur above this level pushing price up to our major resistance at 72.55 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding rise in price should it bounce off this level.
Stochastic (89,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding rise in price should it bounce off this level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.