LTCUSD approaching support, potential bounce!

7 ก.พ. 2019

LTCUSD is approaching our first support at 32.07 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 33.3 (horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.