Cabana Capitals Blog Technical Analysis LTCUSD short term bullish trade setup to 85.0000

LTCUSD short term bullish trade setup to 85.0000

LTCUSD short term bullish trade setup to 85.0000 post thumbnail image

LTCUSD is about to retest a key horizontal resistance level near 85.0000. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 85 Entry: 83.85 Stop: 83.2819

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