easyMarkets

LTCUSD approaching support, potential bounce!

Long
BITFINEX:LTCUSD   Litecoin
LTCUSD is approaching our first support at 23.09 (61.8% Fibonacci extension , horizontal swing low support) where a strong bounce might occur above this level pushing price to our major resistance at 27.71 (61.8% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance).
Stochastic (89,5,3) is approaching our support and we might see a bounce in price.

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