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Litecoin has reached our support as expected, prepare for bounce

Long
Litecoin (BITFINEX:LTCUSD)  
Tickmill Broker  
BITFINEX:LTCUSD   Litecoin
Trend Analysis Harmonic Patterns Chart Patterns LTCUSD ltcusdshort ltcusdlong ltcusdidea Litecoin (Cryptocurrency) litecoinshort litecoinlong Cryptocurrency Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern ltcusd ltcusdshort ltcusdlong ltcusdidea litecoin litecoinshort litecoinlong cryptocurrency bitcoin

Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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