Litecoin in search of a support to contain the fall and return to $ 60.

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Litecoin, with movements very similar to bitcoin, is currently returning to 61% fibonacci levels. After a small pullback up to $ 64, the price continued to fall and enters a very delicate situation for the upward trend change.

We are in a clear bounce point, the RSI is already marking us a divergence so we could face an upward movement again from these levels, unfortunately the volume is not favorable for a change in trend and the chances of continuing to break still remain down.

The S3 level is key at the moment, it is the strongest support and where we have the largest number of buyers, as you can see. It is a 61% fibonacci level where there are many bounces and uptrend changes. It is not highly recommended to operate without a stop near the aforementioned supports, remember that although we are in a bounce zone, the market situation remains negative.



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