Litecoin
Short

LTCUSD reversed off resistance, potential for further drop

1 049
Price reversed off our first resistance (horizontal swing high resistance, 100% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price.
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