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

Possible breach of resistance level by LTCUSD

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A Rising Wedge pattern was identified on LTCUSD at 135.25, creating an expectation that it may move to the resistance line at 145.7082. It may break through that line and continue the bullish trend or it may reverse from that line.

Supported by Upward sloping Moving Average

Target: 145.7082 Entry: 135.25 Stop: 125.81

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