Cabana Capitals Blog Technical Analysis Confirmed breakout on LTCUSD 1 hour chart

Confirmed breakout on LTCUSD 1 hour chart

Confirmed breakout on LTCUSD 1 hour chart post thumbnail image

LTCUSD is once again retesting a key horizontal resistance level at 71.8700. It has tested this level 6 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 Upward sloping Moving Average

Target: 74.691 Entry: 72.3 Stop: 70.4072

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post