Aurum Markets Blog Technical Analysis Should we expect a bearish trend on LTCUSD?

Should we expect a bearish trend on LTCUSD?

Should we expect a bearish trend on LTCUSD? post thumbnail image

A strong support level has been breached at 117.1600 on the 15 Minutes LTCUSD chart. Technical Analysis theory forecasts a movement to 111.8460 in the next 8 hours.

Supported by Downward sloping Moving Average

Target: 111.846 Entry: 116.04 Stop: 118.3399

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