Cabana Capitals Blog Technical Analysis LTCUSD approaching resistance of a Ascending Triangle

LTCUSD approaching resistance of a Ascending Triangle

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The movement of LTCUSD towards the resistance line of a Ascending Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Target: 67.2436 Entry: 66.48 Stop: 65.94

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