Aurum Markets Blog Technical Analysis Possible breach of support level by LTCUSD

Possible breach of support level by LTCUSD

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A Falling Wedge pattern was identified on LTCUSD at 121.4, creating an expectation that it may move to the support line at 118.0415. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 118.0415 Entry: 121.4 Stop: 126.14

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