LTCUSD approaching resistance, potential drop!

LTCUSD is approaching our first resistance at 53.13 (horizontal overlpa resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 47.08 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing of bearish pressure in line with our bearish bias.
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