Cabana Capitals Blog Technical Analysis LTCUSD approaching support of a Channel Up

LTCUSD approaching support of a Channel Up

LTCUSD approaching support of a Channel Up post thumbnail image

LTCUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 19 days and may test it again within the next 3 days.

Target: 89.2746 Entry: 95.25 Stop: 106.5

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