LTCUSD is approaching our first support at 61.10 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where we might see a corresponding bounce to our major resistance level at 84.36 (horizontal overlap resistance, 61.8% retracement). Stochastic 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.
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