Cabana Capitals Blog Technical Analysis Support breakout on LTCUSD

Support breakout on LTCUSD

Support breakout on 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 6 days and suggests a possible target level to be around 69.4870 within the next 2 days.

Supported by Downward sloping Moving Average

Target: 69.487 Entry: 70.06 Stop: 74.483

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