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 Channel Up pattern was identified on LTCUSD at 97.39, creating an expectation that it may move to the resistance line at 113.9668. It may break through that line and continue the bullish trend or it may reverse from that line.

Supported by Upward sloping Moving Average

Target: 113.9668 Entry: 97.39 Stop: 87.99

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