LTCUSD approaching resistance, potential drop!

LTCUSD is approaching our first resistance at 58.96 (horizontal overlap resistance, 100%, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 54.96 (horizontal overlap support, 38.2% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop in price.
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