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Litecoin has made a bearish exit, potential drop!

Oleh Tickmill
Broker
LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyHarmonic PatternsLitecoin (Cryptocurrency)litecoinidealitecoinlonglitecoinshortltcusdidealtcusdlongltcusdshortTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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