LTCUSD approaching resistance, potential reversal!

8 בינו׳ 2019

LTCUSD is approaching our first resistance at 40.53 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap support) where a strong reversal might occur pushing price down to our major support at 36.31 (horizontal pullback support, 61.8% fibonacci extension , 23.6% fibonacci retracement ).
Stochastic (89, 5, 3) is also testing our resistance where we might see a corresponding reversal in price.

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