LTCUSD is trading above the important 36.8 level where it has some strong support and where it bounced already several times in the last days and…
LTCUSD is trading above the important 36.8 level where it has some strong support and where it bounced already several times in the last days and weeks, therefore, this is primary support that can hold. LTCUSD is trading below the 200 and 100-EMA which makes it currently more but the fact that there is much room to go and test the EMAs makes it an interesting conclusion that can confirm further.
Also LTCUSD is building a donwtrend channel here which can confirm either to the upside or stay more in the
before it confirms to the upside like it is often the case in such a structure.
Above the LTCUSD has the Fibonaccis where the first step is at the 61.8% Fibonacci-mark
it will be good to see how LTCUSD reacts in this mark and if it succeeds to take out this mark which will be .
The sending neutral signs at the moment and can confirm to the upside with a cross.
FORMATION:, Support range, Fibonacci structure
EXPECTATION: Confirmation above the
FULFILLMENT: Sooner or later
TREND AFTER EXPECTATION: Upside
DAY’S RANGE: 41.033 — 42.049
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