Litecoin on major support, prepare for a potential bounce!

2018年1月16日

Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.