LTCUSD approaching resistance, potential drop!

LTCUSD is approaching our first resistance at 57.96 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 53.22 (horizontal swing slow support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop below this level.
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