Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD post thumbnail image

LTCUSD is about to retest a key horizontal resistance level near 85.6600. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 85.66 Entry: 85.24 Stop: 84.901

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