Cabana Capitals Blog Technical Analysis Important price line breached by LTCUSD

Important price line breached by LTCUSD

Important price line breached by LTCUSD post thumbnail image

LTCUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 11 days and suggests a possible target level to be around 78.2570 within the next 3 days.

Supported by Downward sloping Moving Average

Target: 78.257 Entry: 79.67 Stop: 82.346

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