LTCUSD approaching support, potential bounce!
LTCUSD is approaching our support at 63.38 (horizontal pullback support, 61.8%, 100% Fibonacci extension, 38.2%, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 71.61 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement).
RSI (55) is approaching support where a bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is approaching support where a bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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