Cabana Capitals Blog Technical Analysis Possible breach of support level by LTCUSD

Possible breach of support level by LTCUSD

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Emerging Falling Wedge detected on LTCUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 66.2 and it is expected to move to 65.2707.

Supported by Downward sloping Moving Average

Target: 65.2707 Entry: 66.2 Stop: 66.71

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