SHORT LTCUSD reaching resistance, potential for further drop!
Price reaching 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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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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