LTCUSD testing resistance, potential big drop upcoming!
Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
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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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