LTCUSD is approaching our first support at 61.10 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above our first support level to our first resistance level at 84.36 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is approaching 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.
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.