Litecoin approaching major resistance, watch for a drop!

29 בינו׳ 2018

Litecoin is rising slowly towards major resistance at 214 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to at least 144 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 96% where a possible corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.