Cabana Capitals Blog Technical Analysis A possible start of a bearish trend on LTCUSD

A possible start of a bearish trend on LTCUSD

A possible start of a bearish trend on LTCUSD post thumbnail image

LTCUSD has broken through a support line of a Rising Wedge and suggests a possible movement to 66.6559 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.

Supported by Downward sloping Moving Average

Target: 66.6559 Entry: 68.1172 Stop: 69.14

Leave a Reply

Your email address will not be published.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

Related Post