Cabana Capitals Blog Technical Analysis LTCUSD – Continuation Chart Pattern – Channel Down

LTCUSD – Continuation Chart Pattern – Channel Down

LTCUSD – Continuation Chart Pattern – Channel Down post thumbnail image

An emerging Channel Down has been detected on LTCUSD on the 15 Minutes chart. There is a possible move towards 64.2216 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 64.2216 Entry: 63.5 Stop: 62.91

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