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LTCUSD approaching support, potential bounce!

От ICmarkets
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LTCUSD is approaching its support at 109.600 (multiple swing low support) where a bounce may occur, causing price to rise to its 1st resistance at 136.839 (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance). We have also identified another support level at 96.787 (61.8% Fibonacci extension).
Stochastic (34, 5, 3) is approaching its support at 7.5% where a corresponding reaction could occur.
Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsLTCLTCUSDTrend AnalysisUSD
ICmarkets
Брокер
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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