Cabana Capitals Blog Technical Analysis LTCUSD approaching support of a Rising Wedge

LTCUSD approaching support of a Rising Wedge

LTCUSD approaching support of a Rising Wedge post thumbnail image

LTCUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If LTCUSD continues in its current trajectory, we could see it reach 59.3955 within the next 2 days.

Target: 59.3955 Entry: 60 Stop: 61.98

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