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

A Triangle pattern was identified on LTCUSD at 65.5, creating an expectation that it may move to the support line at 64.0115. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 64.0115 Entry: 65.5 Stop: 66.65

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