LTCUSD approaching support, potential bounce!
LTCUSD is approaching our first support at 56 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 62.11 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (55) is also seeing a bullish exit and 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.
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (55) is also seeing a bullish exit and 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.
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