LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 41.08 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 48.47 (100% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise 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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