Cabana Capitals Blog Technical Analysis Support breakout on LTCUSD

Support breakout on LTCUSD

Support breakout on LTCUSD post thumbnail image

LTCUSD is once again retesting a key horizontal support level at 69.8400. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 67.743 Entry: 69.51 Stop: 70.6887

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