**LTCUSD has completed a sharp rise from it's 200 SMA of around the $55 mark to the low $60s, at around the 0.382% Fib retracement level from the previous high of $69.57.
With Stochastic showing overbought and a potential continued downward momentum in the near term could bring the price back down to toward the 0.5% $59.5~$60 level. With order books full with high demand at this key level it is likely to prove a strong support**
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