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LTCUSD approaching support, potential bounce!

LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) 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.


Chart PatternsHarmonic PatternsLTCLTCUSDltcusdlongltcusdshortTrend AnalysisUSD

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