LTCUSD is approaching our first support at 51.57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 57.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (34) is also approaching support where we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) is also approaching support where we might see a corresponding bounce in price should it react off this level.
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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