easyMarkets

LTCUSD approaching support, potential bounce!

Long
COINBASE:LTCUSD   Litecoin
LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 100%, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 60.93 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.


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