Litecoin
Short

LTCUSD approaching resistance, potential drop!

611
LTCUSD is approaching our first resistance at 60.55 (61.8%, 100% Fibonacci extension, 23.6%, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 56.21 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
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