LTCUSD approaching resistance, potential reversal!
LTCUSD is approaching our first resistance at 40.53 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap support) where a strong reversal might occur pushing price down to our major support at 36.31 (horizontal pullback support, 61.8% fibonacci extension , 23.6% fibonacci retracement ).
Stochastic (89, 5, 3) is also testing our resistance where we might see a corresponding reversal in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is also testing our resistance where we might see a corresponding reversal 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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