Cabana Capitals Blog Technical Analysis LTCUSD broke through important 62.4300 price line

LTCUSD broke through important 62.4300 price line

LTCUSD broke through important 62.4300 price line post thumbnail image

LTCUSD has broken through a support line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 60.8950 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 60.895 Entry: 62.2 Stop: 63.327

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