LTCUSD is approaching our first support at 58.58 (horizontal overlap support, 61.8% Fibonacci retracement, ascending channel support) where we might see a corresponding bounce in price, pushing price to its major resistance at 67.37 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching our first support and we might see a corresponding rise 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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