Aurum Markets Blog Technical Analysis Possible start of a bullish trend as LTCUSD breaks resistance

Possible start of a bullish trend as LTCUSD breaks resistance

Possible start of a bullish trend as LTCUSD breaks resistance post thumbnail image

LTCUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 11 days and suggests a possible target level to be around 97.8210 within the next 3 days.

Supported by Upward sloping Moving Average

Target: 97.821 Entry: 95.73 Stop: 92.3344

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