Litecoin has reached our support as expected, prepare for bounce

2 thg 2, 2018

Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur.

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