Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on LTCUSD?

Should we expect a breakout or a rebound on LTCUSD?

Should we expect a breakout or a rebound on LTCUSD? post thumbnail image

The movement of LTCUSD towards 74.2700 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Upward sloping Moving Average

Target: 74.27 Entry: 72.51 Stop: 71.7722

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