LTCUSD approaching resistance, potential drop!

LTCUSD is approaching our first resistance at 31.46 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 29.97 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our resistance where we might see a further drop in price.
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