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

A possible start of a bullish trend on LTCUSD

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

LTCUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 70.2734 may materialize within the next 5 hours.

Target: 70.2734 Entry: 69.07 Stop: 67.41

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