easyMarkets

LTCUSD approaching support, potential bounce!

Long
COINBASE:LTCUSD   Litecoin
LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 63.29 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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