LTCBTC - Possible Entries

The 0.618 Fibonacci retracement was acting as a strong support until it was broken, and it recently acted as a ceiling for price (thus flipped resistance).

LTCBTC recently tested this level and was unsuccessful (having been shorted at said Fib level which also converged with the 50 EMA) - denoted by the green box.

3 possible entries (all shown by the light blue lines and boxes):

1. The breakout once/if it happens.

2. The horizontal line which is the 4H Kijun Sen on the Ichimoku Cloud, and also used as support by price fairly recently.

3. The lower 0.786 Fib level.