Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD post thumbnail image

LTCUSD is heading towards 69.4400 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 69.44 Entry: 71.54 Stop: 72.8417

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